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CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · Compliance Rating, Anti-Profiteering, GST Practitioners and Authorised Representative

Which of the following correctly distinguishes the Section 149 compliance rating from the other provisions in this chapter?

The compliance rating is a score the Government may assign on a registered person's compliance record. It is not a penalty. The ten per cent penalty arises under Section 171(3A) after profiteering is found, and the Section 116 and 48 provisions deal with representation and practitioners.

  1. AIt is assigned by the Government to a registered person based on compliance record, whereas a profiteering penalty under Section 171(3A) arises only after the Authority finds profiteeringCorrect
  2. BIt is levied as a penalty of ten per cent of the amount so profiteered
  3. CIt can be exercised only by an authorised representative appearing under Section 116
  4. DIt determines the responsibility for correctness of returns filed by a GST practitioner under Section 48(3)

Explanation

Section 149 is a rating by the Government based on compliance record. The ten per cent penalty belongs to Section 171(3A) after a profiteering finding. Section 116 concerns appearance and Section 48(3) leaves responsibility for correctness with the registered person; neither relates to the rating.

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