Economic offences are offences which will not only inflict pecuniary losses but also damage national economy and may have security implications as well.
Assessment (Section 2(11) of The CGST Act, 2017) - Assessment means a determination of tax liability under this act and it includes self- assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment.
Input Tax Credit (ITC) is the important concept under new indirect tax law system, i.e. GST. One of the major benefit under GST is that it will remove cascadin..
The Companies Act, 2013, Section 132, empower central government to establish an authority named 'National Financial Reporting Authority'(NFRA).
And the News was flashed on 14 Feb 2018, that Punjab National Bank (PNB), the second largest government owned lender, has uncovered around Rs. 11,400 crore fra..