No proposal to bring GSTN under PMLA: MOF

The Minister of State Shri Pankaj Chaudhary in the Ministry of Finance in a written reply to a question raised in Lok Sabha said, “No proposal to bring GSTN under PMLA.”

The aims and objectives of GSTN is to provide common and shared IT infrastructure and services to the Central and State Governments, Tax Payers and other stakeholders for implementation of the Goods & Services Tax (GST).

The aims and Objectives of PMLA is to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto.

There is no proposal under consideration to bring GSTN under the purview of PMLA. However, Government has recently issued a notification under Section 66 of PMLA enabling Director, Financial Intelligence Unit-India to send various reports like cash transaction report, suspicious transaction report etc. to GSTN for making them available to GST authorities, where such reports are found relevant for GST evasion.