https://www.taxtmi.com/news?id=20878 Creation of a Centralised Appellate Authority for Advance Ruling is proposed to address conflicting appellate advance ruling decisions. An amendment is proposed to make interest leviable only on the net tax liability after accounting for admissible input tax credit, such that interest applies only to amounts payable through the electronic cash ledger. Both proposals are approved in principle and await statutory amendment. en-us Sat, 22 Dec 2018 16:53:00 +0530 Mon, 24 Dec 2018 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20878 Creation of a Centralised Appellate Authority for Advance Ruling is proposed to address conflicting appellate advance ruling decisions. An amendment is proposed to make interest leviable only on the net tax liability after accounting for admissible input tax credit, such that interest applies only to amounts payable through the electronic cash ledger. Both proposals are approved in principle and await statutory amendment. News - Sat, 22 Dec 2018 16:53:00 +0530 https://www.taxtmi.com/news?id=20878