Meaning and Necessity of Advance Ruling under GST:
An advance ruling may be defined as an determination of certain matters and question as specified by the law , regarding interpretation of the law specifically in those cases where there is an ambiguity in the law itself and assessee wishes to avoid any type of litigation on the basis of such ambiguity. This also reduce valuable time and cost of the applicant and enhances the overall compliance of the law. By this applicant is in better position to take the right decision at right time .
The government had appointed authority for advance ruling and appellate authority for each state . However due to the some stances of the conflicting decisions on the some or more related issues by the advance ruling authorities of various states , the GST council in its 31st meeting held on 22 December 2018 had mooted the proposal of creation of Centralised Appellate Authority for Advance Ruling for the solutions of GST litigations from across the country. This will pave the way of uniformity on a particular matter and greater compliance of the law. Read More