WHAT IS AN ADVANCE RULING?

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....ply of goods and/or services, admissibility of input tax credit of tax paid or deemed to have been paid, determination of the liability to pay tax on any goods and/or services, whether applicant is required to be registered or whether any particular thing done by the applicant with respect to any goods and/or services amounts to a supply. 2.2. The definition of Advance ruling given under the Act ....

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.... not applicable to similarly placed other taxable persons in the State. It is only limited to the person who has applied for an advance ruling. 2.5. The law provides that advance ruling shall be binding till the period when the law, facts or circumstances supporting the original advance ruling have not changed. 2.6. However, an advance ruling shall, by an order passed by the AAR/AAAR, be declare....