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?
\nAns. The broad objective for setting up such an authority is to:
\ni. provide certainty in tax liability in advance in relation to an activity proposed to be undertaken by the applicant;
\nii. attract Foreign Direct Investment (FDI);
\niii. reduce litigation;
\niv. pronounce rul<\/p>\n
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