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Sep 17, 2018
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Streamlining of GST compliance fast becoming a long row to hoe
A slew of contradictory advance rulings by the various tax benches has made the already complicated world of goods and services tax (GST) more complex. A bunch of varied interpretations of the GST law by different Authorities for Advance Ruling (AAR) on the same subject is the latest addition to compliance challenges for businesses. For instance, recently, the Maharashtra AAR said that the process of installing solar equipment would attract 18% GST, while the Karnataka bench ruled that a 5% rate would apply. In another matter on taxing printed advertisement materials, the Telangana AAR and West Bengal AAR not only gave conflicting verdicts, but also used different methodologies to arrive at their conclusions.
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