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Indian Tax Solutions

Indian Tax Solution

Two New Features available in GST Portal

The Official portal of GST has added two important functionalities including the Form GST-ARA 01, an electronic form for Advance Ruling and the Application for revocation of cancellation of registration. An advance ruling helps the applicant in planning his activities which are liable for payment of GST, well in advance. It also brings certainty in determining the tax liability, as the ruling given by the Authority for Advance Ruling is binding on the applicant as well as Government authorities. Further, it helps in avoiding long drawn and expensive litigation at a later date.

"Facility to apply for Advance Ruling has been enabled on GST Portal (Refer Rule 104 of the CGST Rules, 2017). This form will enable an applicant to make an application for obtaining the advance ruling on the GST portal and make the required payment of fees," GSTN's technical wing tweeted today. The GST portal also enabled the functionality to revoke or cancel the GST registration. "This Form will enable the taxpayers whose registration has been cancelled, via suo motu cancellation route, to apply for revocation of their cancellation of registration," it tweeted.

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Editor's Column

Huge relief for manufacturers -No GST payments on advances received for supplying goods

On Wednesday, the Central Government spared businesses from paying GST on advance amounts they have received for goods which are to be supplied later in the future. The step was aimed to help clear the confusion over tax liabiliti ...