Section 149 - Goods and services tax compliance rating
Section 149 - GST Compliance Rating System
Section 149 of the Goods and Services Tax (GST) Act outlines the system for assigning a compliance rating score to every registered person under the GST regime. This score reflects how well they adhere to the rules and regulations of the GST Act. The government determines this compliance score based on specific criteria, which are set out in the prescribed guidelines. The score is not static; it can be updated periodically. Once updated, the score is communicated to the registered person and made available to the public in a manner that follows the prescribed procedures. This system aims to encourage compliance and transparency among those registered under the GST framework.
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149. Goods and services tax compliance rating.
(1) Every registered person may be assigned a goods and services tax compliance rating score by the Government based on his record of compliance with the provisions of this Act.
(2) The goods and services tax compliance rating score may be determined on the basis of such parameters as may be prescribed.
(3) The goods and services tax compliance rating score may be updated at periodic intervals and intimated to the registered person and also placed in the public domain in such manner as may be prescribed.
