Advance Ruling Under GST Regime a Simpler and Quicker Way to Avoid Litigations and Non Compliances of Law

Abstract

Now-a-days, there is an increase in the violations of laws. Most of such violations arise due to lack of knowledge on such laws. This has increased cost of litigations as well as wastage of time because of involving in such litigations as it takes years to put a fullstop to such litigations. So, the Central government has taken a step to establish legal bodies which are called Advance Ruling authorities wherever necessary under respective Acts. Such authorities so established provides guidance on transactions for which such application is made to them, thereby avoiding litigations and non-compliances of law which arise due to lack of knowledge on such laws.