GST: Taxpayers to be rated on basis of compliance, performance

Ratings will be based on how promptly they upload invoices, pay taxes and file returns

Taxpayers registered under the new goods and services tax (GST) regime that is set to be implemented from 1 July will be assigned a rating, based on how promptly they upload invoices, pay taxes and file returns, according to a report published by Livemint. 

The ratings will be made public on the GST Network (GSTN) website as tax authorities seek to build peer pressure among companies to ensure compliance, further reported the financial daily. 

The rules that govern the new indirect tax regime require the matching of invoices for claiming input tax credit. For