GST Compliance Rating

Key Points about GST compliance rating

• Coverage:- GST compliance rating  is covered under Section 116 of Model GST Law
• GST compliance rating for  Every taxable person :- Every taxable person shall be assigned a GST compliance rating score based on his record of compliance with the provisions of this Act.
• Parameters for GST compliance rating :- The GST compliance rating score shall be determined on the basis of parameters to be prescribed in this behalf.
• Intimation of GST compliance rating score :-The GST compliance rating score shall be updated at periodic intervals and intimated to
  • The taxable person and
  • Placed in the public domain

in the manner prescribed.

• Grant of provisional refund :one of the condition for grant of  provisional refund (80%) under sub-section (4A) of section 38 ( Exporters of goods or services ) is the GST compliance rating of the applicant is not less than five on a scale of ten

Free Education Guide on Goods & Service Tax (GST)