GST Network brought under PMLA

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. 

• CIT notice u/s 263 quashed as AO rightly took DVO value of property as actual sale price
• Extension of timeline for implementation of Ship To GSTIN & Voluntary Closure of E-Way Bill functionalities
• No protective addition required when additions is confirmed in hands of searched person – ITAT
• Limitation u/s 34 of Arbitration Act commences on disposal of application u/s 33 by Arbitral Tribunal – SC
• Case remanded in absence of finding if disallowance u/s 40A(3) covered by Rule 6DD