News
Friendly advance ruling mechanism to smoothen ride under GST regime
- Date:
- April 21, 2017
- Source:
- Economic Times
India is planning a significant shift toward a litigation-free environment under the GST regime, creating a liberal mechanism that would allow all taxpayers to ascertain liabilities beforehand. The draft rules for advance ruling mechanism will allow all categories of taxpayers to approach the authority, unlike the existing system that restricts the facility to proposed transactio…