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TaxTMI 
Question - What are proposed amendment in provision related to Advance Ruling in Finance Bill 2015 ?
Advance Ruling
01 Mar 2015 
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Advance Ruling facility extended to resident firms, broadening eligibility for pre-transaction tax clarity under the service tax framework.
The Finance Bill 2015 extends the Advance Ruling facility to all resident firms by specifying such firms under section 96A(b)(iii) of the Finance Act, 1994, thereby broadening eligibility to obtain binding tax clarity; Notification No. 9/2015-ST (dated 1.3.2015) implements this specification under the service tax framework. (AI Summary)
The Finance Bill 2015 extends the Advance Ruling facility to all resident firms by specifying such firms under section 96A(b)(iii) of the Finance Act, 1994, thereby broadening eligibility to obtain binding tax clarity; Notification No. 9/2015-ST (dated 1.3.2015) implements this specification under the service tax framework. (AI Summary)