TN opposed inclusion of Goods and Services under PMLA
The Tamil Nadu government on Tuesday registered its opposition to the inclusion of Goods and Services online under the Prevention of Money Laundering Act (PMLA) 2002 at the 50th GST Council meeting held at Vigyan Bhawan in New Delhi.
State Finance Minister Thangam Thennarasu, who represented TN in the meeting, said that the July 7 notification of the Union government to include goods and services online under PMLA, 2002 is against the interest of traders and against the basic objective of decriminalizing violations under the Goods and Services Tax Act.
“The Tamil Nadu government is opposed to this considering that it will affect traders across the country, especially small traders,” he added.
Expressing the State’s reservations to recommendations of taxing online games under the GST Act, Thennarasu insisted that the Government of Tamil Nadu has enacted an Act to Prohibit Online Gambling and Regulate Online Games and therefore, the recommendations for taxation of online games under the Goods and Services Tax Act should be in accordance with the Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act.