What is the objective of having a mechanism of Advance Ruling?
Question 3
Bill
Advance Ruling
Faq On GST (2nd Edition) Dated 31.3.2017
Q 3. What is the objective of having a mechanism of Advance Ruling?
Ans. The broad objective for setting up such an authority is to:
i. provide certainty in tax liability in advance in relation to an activity proposed to be undertaken by the applicant;
ii. attract Foreign Direct Investment (FDI);
iii. reduce litigation;
iv. pronounce rul
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