GST Network brought under PMLA
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 7th July, 2023
G.S.R. 491(E).—In exercise of the powers conferred by clause (ii) of sub-section (1) of section 66 of the
Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government, being satisfied that it is necessary in the public interest to do so, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance, Department of Revenue, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 381(E), dated the 27th June, 2006, namely:-
In the said notification, after serial number (25) and the entry relating thereto, the following serial number and entry shall be inserted, namely:-
“(26) Goods and Services Tax Network.”.
[F. No. P.12011/2/2009-ES Cell-DOR]
SHASHANK MISRA, Director (Hqr.)
Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 381(E), dated the 27th June, 2006 and subsequently amended vide numbers G.S.R. 929(E), dated the 29th December 2009, G.S.R. 763(E), dated the 15th September, 2010, G.S.R. 957(E), dated the 7th December, 2010, G.S.R. 735(E), dated the 1st October, 2012, G.S.R. 30(E), dated the 17th January, 2014, G.S.R. 564(E), dated the 6th August, 2014, G.S.R. 970(E), dated the 15th December, 2015, G.S.R. 136(E), dated the 17th February, 2017, G.S.R. 437(E), dated the 8th May, 2018, G.S.R. 674(E), dated the 25th July, 2018, G.S.R. 24(E), dated the 11th January, 2019 and G.S.R. 152 (E) dated the 1st March, 2021.
- AO took a reasonable stand that 25 kg written in WhatsApp chat was 25 lakh – ITAT
- Shareholders can’t be taxed for income from properties owned by the company – HC
- Jurisdictional error in reassessment approval can’t be shielded by the law of limitation
- ITAT ought to remanded whole matter of bogus purchases instead of profit determination
- Where proceedings u/s 153C barred by limitation, AO can’t invoke section 148 & 148A
