Govt allows ED to share data with GSTN, move to help recovery of GST

The government has amended provisions of the money laundering Act to allow enforcement directorate (ED) to share information with GST Network.
The move would help recovery of Goods and Services Tax (GST) evaded through money laundering.
GSTN handles the technology backbone of the indirect tax regime and is the repository of all GST-related information, including return, tax filing and other compliances.
As per the amendment to the provisions of Prevention of Money Laundering Act (PMLA), 2002, GSTN has been included in the list of entities with which ED will share information.
AMRG & Associates Senior Partner Rajat Mohan said notifying GSTN under PMLA would enable a legal framework under which high-value tax offenders can be traced, apprehended made liable to pay due taxes.
GSTN can pass on relevant information on probable tax offenders to jurisdictional officers so as to initiate proceeding under GST law for scrutiny, adjudication and recovery of taxes, Mohan added.
Nangia …