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GSTN under PMLA
July 13 , 2023
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- The Indian government amended provisions of the money laundering Act to allow the Enforcement Directorate to share information with GST Network.
- As per the amendment to the provisions of the Prevention of Money Laundering Act (PMLA), 2002, GST Network has been included in the list of entities with which the Enforcement Directorate will share information.
- The changes have been made for provisions under Section 66 of the PMLA, which provides for disclosure of information.
- The move to include GSTN under the money laundering law comes amid rising cases of GST fraud and fake registrations.
- GST authorities have been probing fake registrations and fraudulent of input tax credit.
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