top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

What is the purpose of Compliance rating mechanism under GST?

+1 vote
125 views
What is the purpose of Compliance rating mechanism under GST?
posted Jun 26, 2017 by Deepika Jain

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

As per Section 149 of the CGST/SGST Act, every registered person shall be assigned a compliance rating based on the record of compliance in respect of specified parameters. Such ratings shall also be placed in the public domain. A prospective client will be able to see the compliance ratings of suppliers and take a decision as to whether to deal with a particular supplier or not. This will create healthy competition amongst taxable persons.

answer Jun 27, 2017 by Anita Yadav
...