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Ministers concerned over including GST IT network in money laundering act

India's state ministers have raised concerns over the inclusion of goods and services tax's (GST) information technology network under the country's money laundering act

GST
The inclusion could result in small businesses being investigated by the country's financial crime agency for GST violations, Delhi's Finance Minister Atishi Marlena said after a meeting of the tax council.
Reuters NEW DELHI
1 min read Last Updated : Jul 11 2023 | 4:16 PM IST

NEW DELHI (Reuters) - India's state ministers have raised concerns over the inclusion of goods and services tax's (GST) information technology network under the country's money laundering act, a minister in Delhi's city government told reporters on Tuesday.

The inclusion could result in small businesses being investigated by the country's financial crime agency for GST violations, Delhi's Finance Minister Atishi Marlena said after a meeting of the tax council.

"The inclusion... will allow information-sharing of all GST taxpayers with the Enforcement Directorate," Marlena said.

 

(Reporting by Nikunj Ohri, Writing by Shivam Patel; Editing by Dhanya Ann Thoppil)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :GSTinformation technologyMoney laundering

First Published: Jul 11 2023 | 4:16 PM IST

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