The government has included the Government of India's Goods and Services Tax Network as a list of entities mandated to share information with the Enforcement Directorate ED and the Financial Intelligence Unit FIU under the Prevention of Money Laundering Act.
A growing number of Indian buyers are opting for bigger, feature-rich cars, marking a shift from what used to be a mostly cost-conscious market.
About two thirds of shopping for groceries and daily essentials are done by men in the country, contradicting the notion that women typically buy household products from neighborhood stores, according to a study by Kirana Club, which has one million kirana stores in its network.
5 Comments
AZUK00
The increased scrutiny and information sharing could discourage foreign investments and hinder economic growth.
Azukkk
By actively participating in efforts to curb money laundering, GSTN can help maintain public trust in the financial system and contribute to a more secure and reliable business environment.
Katchuka
Preventing money laundering and illicit financial activities safeguards the stability and integrity of the economy, reducing the risk of financial crises.
AZUK00
Sharing information with ED and FIU can facilitate international cooperation in combating money laundering and other financial crimes, enhancing India's reputation in the global context.
Katchuka
The knowledge that information is being shared can act as a strong deterrent, discouraging individuals and businesses from engaging in illegal financial activities.