eJournal Sept 2021 Volume 6 - Flipbook - Page 10
Advance ruling in GST Law is a ruling by an GST authority in which
any question of law with respect to the specific GST provisions are
addressed to the taxpayer/proposed taxpayer. The implementation
of advance ruling in India is in line with the World Trade
Organization’s Trade Facilitation negotiations.
The Authority for Advance Ruling in India is a relatively late
entrant. Although the concept of obtaining an advance ruling was
conceptualized by the Wanchoo Committee in the mid-1970s, it
was only in early 1993 that it was implemented.
The facility to obtain a ruling was initially available only to nonresidents. However, based on the needs of the domestic industry,
the advance ruling system was later made available to even
domestic taxpayers. Looking at its growth, the advance ruling
system was introduced into the indirect tax laws too viz.,
Central Excise, Customs and Service Tax laws. The advance ruling
has also found its place in the GST law. On a comparison of this
facility with the erstwhile laws, it can be assuredly said that the
GST law has given wide applicability to the advance ruling facility.
ADVANCED RULING - GST
Shrinath Ranganathan - CA