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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 statement about the parameters for determining the GST compliance rating score under Section 149 is correct?

The compliance rating score may be determined on the basis of such parameters as may be prescribed. The Act leaves the parameters to be laid down by prescription, so they are neither fixed in the section itself nor chosen by taxpayers or the Tribunal.

  1. AThe score may be determined on the basis of such parameters as may be prescribedCorrect
  2. BThe parameters are fixed in the Act itself and cannot be changed
  3. CThe parameters are decided by each taxpayer for self-rating
  4. DThe parameters are decided by the Appellate Tribunal in each case

Explanation

Section 149(2) states that the score may be determined on the basis of such parameters as may be prescribed. They are therefore set through rules, not fixed in the section and not chosen by the taxpayer or the Tribunal.

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