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CS Executive · Tax Laws and Practice · Basics of Goods and Services Tax

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

The score may be assigned by the Government to every registered person on the basis of his compliance record. It can be updated at periodic intervals, intimated to the person and placed in the public domain in the prescribed manner, so it is neither permanent nor confidential.

  1. AIt is assigned only to unregistered persons who voluntarily apply for it
  2. BIt may be assigned to every registered person based on his record of compliance, and may be updated periodically and placed in the public domain as prescribedCorrect
  3. CIt is fixed permanently at registration and cannot be updated later
  4. DIt is determined by the registered person himself and kept confidential from the public

Explanation

The Act provides that every registered person may be assigned a compliance rating score by the Government based on compliance record. The score may be determined on prescribed parameters, updated at periodic intervals, intimated to the person and placed in the public domain as prescribed. The other options contradict these features.

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