Goods and Services Tax

GST AMENDMENT: GOVERNMENT TO REVAMP AAR MECHANISM

Goods and Services Tax – Started By: – myGSTzone Expert – Dated:- 13-6-2018 Last Replied Date:- 13-6-2018 – The Goods and Service Tax Council has planned to make it mandatory for the Authority for Advance Rulings (AAR) to be manned by senior revenue officials. An AAR is a quasi-judicial body. The rulings bring certainty in determining tax liability that is binding on both the applicant as well as the Government Authorities. The advance ruling is inexpensive, simple and expeditious. The Government proposed the idea to revamp the AAR by establishing either a centralized authority or four regional authorities. The aim is to avoid contradicting and condescending AAR rulings by different benches and to ensure orders based on legal principles. S

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