Provision for clarification and advance rulings

1[12-C. Provision for clarification and advance rulings.- The ‘Authority for Clarification and Advance Rulings’, (hereinafter referred to in this section as Authority) constituted under section 4 of the Karnataka Sales Tax Act, 1957 (Karnataka Act 25 of 1957) (hereinafter referred to as the ‘said Act’) shall be authorized to clarify the rate of tax applicable under this Act in respect of any goods liable to tax under the Act or the exigibility of any transaction to tax under the Act on an application by a dealer registered under the Act.

1. (2) All the provisions of the said Act including 2[provisions relating to appeal and]2 the rules made thereunder relating to the manner of making an application for issue of clarification, payment of fee, disposal and implementation of the order passed by the Authority shall mutatis mutandis apply to this section] 1

¹ Inserted by Act 7 of 2003 w.e.f. 1.4.2003

² Inserted by Act 26 of 2004 w.e.f. 1.8.2004