Advance Ruling’ is a decision provided by the Authority for Advance Ruling (AAR) or the Appellate Authority for Advance Ruling (AAAR) to an applicant on specified matters or questions, in relation to the supply of goods or services or both being undertaken or proposed to be undertaken by the applicant.
It is important to note here that an applicant may seek advance ruling not only on those supplies that are proposed to be undertaken but also those supplies which have already been undertaken.