ADVANCE RULING UNDER VATS ACTS A first-rate tax payer friendly initiative within the form of enhance Ruling has been taken with the aid of the country of Haryana in its VAT Act. Many different States like Karnataka and Maharashtra also are presenting to contain provisions of develop ruling in their proposed VAT regulation. there may be no such provision inside the model price brought Tax Act, made by way of Prof. Atre, representative to Finance Ministry. therefore, the idea of few states to deliver in the provision of boost Ruling of their VAT laws is virtually a welcome and revolutionary step within the management of VAT laws. Though there are comparable provisions inside the income Tax Act, 1961 and imperative Excise Act however perusal of provisions in Haryana fee added Tax Act, 2003 (HVAT Act) suggest that those were drafted afresh and has no parallel to comparable provisions contained elsewhere. An attempt has been made in this newsletter to analyze the implication of these prov
ADVOCATES AND LEGAL CONSULTANT