CS Executive · Tax Laws and Practice · Procedural Compliance under GST
Which statement about the GST compliance rating under section 149 of the CGST Act is correct?
The compliance rating score may be assigned to every registered person on prescribed parameters based on compliance record. It may be updated periodically, intimated to the person and placed in the public domain in the prescribed manner, so it is neither confidential nor permanent.
- AThe score is assigned only to persons with turnover above a fixed limit and is kept confidential
- BThe score may be assigned on prescribed parameters, updated periodically, intimated to the person and placed in the public domain as prescribedCorrect
- CThe score is determined solely by the taxpayer through self-assessment
- DThe score is permanent once assigned and cannot be updated
Explanation
Section 149 provides that every registered person may be assigned a score based on compliance record, determined on prescribed parameters, updated at periodic intervals, intimated to the person and placed in the public domain as prescribed. The other options contradict this.
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