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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 complian .....

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irrespective of its nature or size or turnover shall be assigned a GST compliance rating. The GST compliance rating score shall be determined on the basis of parameters to be prescribed in this behalf. Compliance rating scores could be based on prom .....

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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 wa .....

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ords, selection of cases for audit or scrutiny etc. A taxable person with higher rating may be given certain privileges while a lower rating may invite enhanced surveillance. This may also instill healthy competition amongst tax payers for attaining .....

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ng and publication of rating in public domain. Since the compliance ratings would be placed in public domain, businesses or dealers would be able to take informed decision to deal with the lesser complaint taxable person. A highly rated taxable perso .....

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