PNB Fraud: Centre moves to set up new regulator for CAs

The trick at state-run Punjab National Bank has provoked the legislature to proceed onward setting up another office to control and train reviewers, just about five years after the law accommodated it.

Penalty For Failure To Pay Service Tax As Amended By Finance Act, 2015

Where service tax has not been levied or paid, or has been short-levied or short-paid, or erroneously refunded, for any reason, other than the reason of fraud or collusion or wilful misstatement or suppression of facts or contravention of any of the provisions of this Chapter or of the rules made there under with the intent to evade payment of service tax,