Know Your Supplier under GST

Last updated: 01 May 2020
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This document provides a detailed analysis of the 'Know Your Supplier' (KYS) initiative under GST. It explains how the compliance rating system, inspired by KYC, will help businesses assess supplier reliability based on factors like timely tax payments and return filings. The analysis covers the parameters for rating, benefits for both recipients and the government, and potential consequences of non-compliance. It's essential reading for any registered person looking to mitigate risks and ensure smooth GST operations.

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Submitted by · Posted 01 May 2020 · Other files by CA Praveen Bisht · Report
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