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CONCEPT OF COMPLIANCE RATING UNDER GST

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 9-11-2016 Last Replied Date:- 9-11-2016 - Section 116 of the model GST law provides for GST Compliance Rating which is a new concept in India. Presently, there is no system of compliance rating under any tax law in India. GST compliance rating is a new concept. Accordingly, every taxable person shall be assigned a GST compliance rating score based on his record of compliance with the provisions of the GST Act. Every taxable person .....

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aw, the GST compliance rating score shall be updated at periodic intervals and intimated to the taxable person and also placed in the public domain in the manner prescribed. The parameters and criteria as well as methodology shall be prescribed by way of rules. It is expected that GST compliance rating scores may be used for identifying compliant tax payers which may get better administrative treatment or response, ascertaining risk profile of tax payers, data integrity / audit of tax payers rec .....

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