Law Amendments regarding Centralised Appellate Authority for Advance Ruling (AAAR) and Charging Interest
GST council is making the following amendments to law:
1. Creation of Centralised Appellate Authority for Advance Ruling (AAAR) to solve the conflicting decisions of 2 or more State Appellate Advance Ruling Authorities on the same issue.
2. Interest shall be charged on the net tax liability only that is the tax payable through electronic cash ledger.
