Monday, 14 January 2013

GAAR EFFECTIVE FROM APRIL 1, 2016

The Ministry of Finance has issued the following Press Release dated 14.01.2013 setting out the statement of the Hon’ble Finance Minister on GAAR. The Press Release sets out in detail the various recommendations of the GAAR Committee which have been accepted by the Government and which form a part of the final report. It is also stated that the GAAR provisions (Chapter X-A) will come into force with effect from April 1, 2016 as against the current provision of April 1, 2014.

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