269ST and PMLA act 2002

[atiq shaikh]

sir

Need clarification about section 269ST of Income tax act 1961 and Prevention of money laundering Act 2002 difference

Ateeq

AI Summary

Clarifying Differences: Section 269ST vs. Prevention of Money Laundering Act; RCM and ITC Queries in GST Context A participant in a discussion forum seeks clarification on the differences between Section 269ST of the Income Tax Act, 1961, and the Prevention of Money Laundering Act, 2002. Additionally, they inquire about the applicability of Reverse Charge Mechanism (RCM) under GST for purchasing office supplies and whether Input Tax Credit (ITC) can be claimed. They also ask about the GST treatment and RCM applicability when an employee pays a vendor directly and seeks reimbursement. The discussion is aimed at gaining insights and opinions from experts in the field.