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Compliance rating mechanism

 

  • 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.

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