A Centralised Appellate Authority for Advance Ruling to be formed

A Centralised Appellate Authority for Advance Ruling to be formed

A Centralised Appellate Authority for Advance Ruling to be formed. In case of conflicting decisions by two or more State Appellate Advance Ruling Authorities on the same issue, decision ofCentralised Appellate Authority will be final and bind whole country.

A Centralised Appellate Authority for Advance Ruling to be formed

Ministry of Finance

In-Principle approval given for Law Amendments during 31st Meeting of the GST Council

The GST Council in its 31 meeting held today at New Delhi gave in principle approval to the following amendments in the GST Acts:

1. Creation of a Centralised Appellate Authority for Advance Ruling (AAAR) to deal withcases of conflicting decisions by two or more State Appellate Advance Ruling Authorities on the same issue.

2. Amendment of section 50 of the CGST Act to provide that interest should be charged only on the net tax liability of the taxpayer, after taking into account the admissible input tax credit, i.e. interest would be leviable only on the amount payable through the electronic cash ledger.

The above recommendations of the Council will be made effective only after the necessary amendments in the GST Acts are carried out.

You may also refer : 31^st GST Council Meeting Updates

 

S.No.	Particulars
1.	Key updates of 31st GST Council Meeting | 31st GST Council Meeting updates
2.	GST Annual return due date extended to 30th June 2019
3.	Recommendations made during 31st Meeting of the GST Council : MOF
4.	A Centralised Appellate Authority for Advance Ruling to be formed
5.	Composition Scheme to be framed for Small Service provider : MOF
6.	GST Rate Changes after 31st GST Council Meeting : MOF
7.	GoM to be formed to study GST revenue collection in some of the States