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What is advance ruling ?Explain me in simple terms.Basic understanding about it .
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Advance rulings under service tax law means:`
The determination by authority of a question of law or fact specified in the application regarding the liability to pay service tax in relation to a service proposed to be provided by the applicant.

An applicant can be a non-resident or resident who is starting a commercial activity in joint venture with a non-resident..

there are seperate chapeters in income tax law about these adavacne ruling and transferpricing..go through that for better understanding..!

"Agreed with Santosh ji"


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