Key Points
New Delhi: The government has included the Goods and Services Tax Network on the list of entities mandated to share information with the Enforcement Directorate (ED) and the Financial Intelligence Unit (FIU) under the Prevention of Money Laundering Act...
The government on Friday notified changes to Section 66 of the Act to add GSTN as the 26th entity to the list..
It will now have to disclose information to the ED and FIU if a probe falls under their jurisdiction or if the agencies require information for their investigation...
The move comes on the back of the ED initiating a probe into a fake GST registration case, where some people allegedly used stolen Permanent Account Numbers and Aadhaar to get GST registrations and set up shell entities for money laundering...
Apart from the ED and FIU, the list of entities that need to share information include the Competition Commission of India, Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India, Serious Fraud Investigation Office and Director General of Foreign Trade on it..
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Centre brings GSTN under PMLA, enables sharing of data with ED, FIU
09, Jul, 23These changes have been made under Section 66 of the PMLA, which provides for disclosure of information