GST intelligence arm to be regulator for gems & jewellery sector under PMLA

The newly created GST intelligence arm , Directorate General of Goods and Service Tax Intelligence, has been named the regulator for dealing with money laundering cases in the gems and jewellery sector . The Finance Ministry last week amended the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 to make the Directorate General of Goods and Service Tax Intelligence ( DGGSTI ) as t…