https://www.taxtmi.com/article/detailed?id=9425 Advance ruling under GST provides a statutory process for applicants to obtain determinations on tax consequences of transactions, limited to specified questions such as classification, applicability of notifications, time and value of supply, input tax credit, liability to tax and registration. State/UT Authorities and Appellate Authorities adjudicate applications filed in prescribed forms with verification and fee, possess civil court powers to call records and hear parties, and must pronounce written rulings within statutory timeframes. Rulings bind only the applicant and relevant officers, may be rectified for apparent errors within a fixed period, and can be declared void for fraud or suppression after hearing. en-us Thu, 20 Aug 2020 08:24:57 +0530 Thu, 20 Aug 2020 08:24:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9425 Advance ruling under GST provides a statutory process for applicants to obtain determinations on tax consequences of transactions, limited to specified questions such as classification, applicability of notifications, time and value of supply, input tax credit, liability to tax and registration. State/UT Authorities and Appellate Authorities adjudicate applications filed in prescribed forms with verification and fee, possess civil court powers to call records and hear parties, and must pronounce written rulings within statutory timeframes. Rulings bind only the applicant and relevant officers, may be rectified for apparent errors within a fixed period, and can be declared void for fraud or suppression after hearing. Articles Goods and Services Tax - GST Thu, 20 Aug 2020 08:24:57 +0530 https://www.taxtmi.com/article/detailed?id=9425