Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Authority Of Advance Ruling The GST Regime
UNIQUE TIMES
|December 2017 - January 2018
The Government of Kerala under the aegis of the Honorable High Court of Kerala in the case of Messrs Eten Craft Holdings Private Limited (2017-VIL-576-KER) recently constituted the Authority for Advance Ruling. Further, the Kerala High Court taking note of the instructions of the Government also directed the concerned authority to accept manual filing of applications.
Concept of Advance Ruling
The concept of Advance Ruling was conceptualized by the Direct Taxes Enquiry Committee in 1971 headed by Justice K N Wanchoo. Though the system was ultimately implemented in 1993, the Authority for Advance Ruling (AAR) was instituted as a mechanism to prevent litigation, pre-empt or plan tax liability, and to foster at large a business-friendly environment where tax payers could approach the revenue authorities for ascertaining the proper legal position.
While the system of AAR was prevalent in the direct tax laws in the country, the said mechanism slowly started emerging in the indirect tax system in the country. The concept of AAR has now been grandfathered even in the GST regime, with its twists and turns.
Advance ruling in the GST regime
This story is from the December 2017 - January 2018 edition of UNIQUE TIMES.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM UNIQUE TIMES
UNIQUE TIMES
GLOWING SKIN, THE KOREAN WAY: A SKINCARE REVOLUTION
Over the last few years, Korean beauty—popularly known as K-Beauty—has made a big splash in the global skincare scene.
2 mins
August - September 2025
UNIQUE TIMES
BUSINESS LUNCH: THE DOS AND DON'TS YOU SHOULD BEAR IN MIND
As India's business landscape grows by leaps and bounds, riding on the wings of a rapidly expanding young population and urbanisation, the number of young men and women swelling the ranks of honchos, and CEOs and top-level executives is also on the rise.
3 mins
August - September 2025
UNIQUE TIMES
TRUCKING SUCCESS TO BILLIONS: DR. VIJAY SANKESHWAR HONOURED WITH THE 19TH MBA AWARD
Celebrating a Visionary Who Drove India's Transport Revolution
2 mins
August - September 2025
UNIQUE TIMES
INDIA'S NEXT ENERGY LEAP
India's solar journey so far has been measured in megawatts and national targets.
3 mins
August - September 2025
UNIQUE TIMES
TRAVEL 2.0: HOW AI AND VR ARE RESHAPING THE WAY WE MOVE
The winds of change are sweeping through the travel and mobility industry—and leading the charge are cutting-edge technologies like Artificial Intelligence and Virtual Reality.
2 mins
August - September 2025
UNIQUE TIMES
DIGITAL TRANSACTIONS AND DUE PROCESS: A STAND AGAINST UNILATERAL DEBIT FREEZES
Access to banking services today is no longer a luxury—it is a basic necessity, on par with the right to shelter or healthcare.
5 mins
August - September 2025
UNIQUE TIMES
A RENDEZVOUS WITH HISTORY AT AHMEDABAD
A marvellous fusion of the old and new, Ahmedabad offers glimpses into the glorious past of Gujarat
4 mins
August - September 2025
UNIQUE TIMES
DR. JOLLY ANTONY A MULTI-SECTOR STRATEGY: WHERE INNOVATION MEETS INCLUSION
From a humble start to building a cross-continental empire, Dr Jolly Antony's story is a testament to what unyielding passion, vision, and bold ambition can achieve.
6 mins
August - September 2025
UNIQUE TIMES
TAX TO AMNESTY - KEY DEVELOPMENT
Information disclosed during the amnesty program could not be used as grounds for criminal investigations, prosecutions, or other criminal charges against the taxpayer, whether for tax crimes or other criminal sanctions. This provided significant legal protection.
5 mins
August - September 2025
UNIQUE TIMES
THE CHILDHOOD CODE
Entrepreneurship often evokes image of hustle, risk-taking, innovation and freedom.
4 mins
August - September 2025
Translate
Change font size