Advance ruling in GST: Classification-related disputes top the list

Till now more than 80 advance rulings have come.If one peruses them, it is apparent that classification-related rulings top the chart with more than 40 rulings

The advance ruling provision in GST accepts that the interpretation of the goods and services tax is not an easy task. The mechanism provides a solution to the taxpayer with written guidance or advice about the tax authority’s interpretation and position on specific transactions. Pritam Mahure decodes implications of the recent rulings
 

How do advance rulings help businesses in getting a better understanding of tax positions?

GST being a self-assessment regime entails the taxpayer to take tax positions on day-to-day business transactions. This includes questions like whether GST is applicable on supplies, whether the transaction is intra-state or inter-state, whether