Section 149 of CGST Act 2017: Goods and Services Tax (GST) Compliance Rating

Section 149 of CGST Act 2017: Goods and Services Tax (GST) Compliance Rating

Provisions under Section 149 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Goods and Services Tax (GST) Compliance Rating”, are as under:

Section 149 of CGST Act 2017: Goods and Services Tax Compliance Rating (CHAPTER XXI – MISCELLANEOUS)

(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.

—–

The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.

Related Posts:

Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

Leave a Reply