In this blog, you will get to know the overall updates on the latest orders decided by AAR (Authority of Advance Ruling) on the GST applicability on different considered items.<\/p>\n\n\n\n
GST is a\ntarget based tax on the ingestion of goods and services. At all platforms,\nright from manufacture up to final consumption, it is proposed to be levied\nwith credit of taxes paid at forgoing stages obtainable as setoff. It means\nthat only the value’ addition will be taxed’ and ‘burden of tax’ is to be borne\nby the final consumer.<\/p>\n\n\n\n
Registration is the fundamental requirement for taxpayers’ identification in any tax system, safeguarding tax compliance in the economy<\/strong>. Under the GST Law, Registration of any business entity implies obtaining a unique number to collect tax on behalf of the government from the appropriate authorities and to avail \u2018input tax credit\u2019<\/strong> for the taxes on his private supplies. Therefore, a person can neither collect tax from his customers nor claim any ‘input tax credit’ of tax paid by him without GST registration<\/strong><\/a>. <\/p>\n\n\n\n In this blog, you will get to know the overall updates on the latest orders decided by AAR (Authority of Advance Ruling) on the GST applicability on different considered items.<\/p>\n\n\n\n
![\"GST](\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/image-50.png\")
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