Money laundering Act to curb GST frauds?

NEW DELHI: The  Central Economic Intelligence Bureau (CEIB) is of the view that use of the stringent  Prevention of Money Laundering Act could be considered to curb and deter fraudulent input credit tax, claimed by companies generating fake invoices of Goods and Services Tax. A proposal was recently floated by the CEIB, which has said that in the previous financial year, till December 20…