hard20 pts · first answer countsgsttax-litigation

When to seek a GST advance ruling

A client is unsure whether its new product falls under the 5% or 18% GST rate. What does an advance ruling offer?

A.A refund of all GST paid in past yearsB.An exemption from filing returnsC.Permission to choose any rate it likesD.A binding ruling from the Authority for Advance Ruling on specified questions such as classification, binding on the applicant and its jurisdictional officer

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When to seek a GST advance ruling

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