Under the Prevention of Money-laundering Act, 2002, "dealer" refers to:
Section 2(1)(ib) says "dealer" has the same meaning as in clause (b) of section 2 of the "Central Sales Tax Act, 1956". The reference is to that Act, not to the Central GST…
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Under the Prevention of Money-laundering Act, 2002, "dealer" refers to:
Answer and explanation
Correct answer B
Section 2(1)(ib) says "dealer" has the same meaning as in clause (b) of section 2 of the "Central Sales Tax Act, 1956". The reference is to that Act, not to the Central GST Act, the Securities Contracts (Regulation) Act or the Companies Act.