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CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · Overview of Goods and Services Tax

Which statement about a GST compliance rating score under the CGST Act, 2017 is correct?

A registered person may be assigned a compliance rating score by the Government based on his record of compliance with the Act, using prescribed parameters. The score can be updated periodically, intimated to him and placed in the public domain.

  1. AIt is assigned to every registered person based on his record of compliance with the Act, determined on prescribed parametersCorrect
  2. BIt is assigned only to taxpayers whose turnover exceeds a fixed limit and is never made public
  3. CIt is fixed once at registration and cannot be updated later
  4. DIt is determined by the registered person himself on the common portal

Explanation

Section 149 states that a registered person may be assigned a score by the Government on the basis of compliance record, using prescribed parameters. The score may be updated periodically, intimated to the person and placed in the public domain, so the options saying it is never public or never updated are wrong.

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