India is planning a significant shift toward a litigation-free environment under the GST regime, creating a liberal mechanism that would allow all taxpayers to ascertain liabilities beforehand. The draft rules for advance ruling mechanism will allow all categories of taxpayers to approach the authority , unlike the existing system that restricts the facility to proposed transactions before the start of a business.
Rakesh Nangia, Managing Partner shares his views on aforementioned story for following publications:
- Economic Times- Front page story
- Business Standard
- Hindu Business Line
- Financial Express