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What is the purpose of Compliance rating mechanism under GST?

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What is the purpose of Compliance rating mechanism under GST?
posted Jun 26, 2017 by Deepika Jain

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As per Section 149 of the CGST/SGST Act, every registered person shall be assigned a compliance rating based on the record of compliance in respect of specified parameters. Such ratings shall also be placed in the public domain. A prospective client will be able to see the compliance ratings of suppliers and take a decision as to whether to deal with a particular supplier or not. This will create healthy competition amongst taxable persons.

answer Jun 27, 2017 by Anita Yadav
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