The provisions of General Anti Avoidance Rule (GAAR) contained in the Income-tax Act will be effective from assessment year 2018-19 and financial Year 2017-18. Several stakeholders and industry associations have represented that guidelines for implementation of GAAR be issued so that there is adequate clarity in this regard. The general public and stakeholders have been asked to provide their inputs on the provisions of GAAR for further clarity from its implementation perspective. <br/><br/>An official release issued by Central Board of Direct Taxes, CBDT said that reference to hypothetical situation should be avoided to make the exercise meaningful. If the input relates to interpretation of a specific real world structure or arrangement, the structure should be such as commonly occurs and involves clarification of general principles of application.<br/><br/>Further, in relation to such structure, the particular provision and apprehensions or doubt alongwith basis thereof may also be provided with all the relevant facts. The inputs may be provided on or before 30th of June electronically on e-mail ID gaar-dor@gov.in or by post to Central Board of Direct Taxes, New Delhi.