According to Section 3 of ‘Transfer of Property’ Act in 1882 (4 of 1882), actionable claim is a claim on unsecured debt or beneficial interest in any moveable property of the applicant. It can be claimed by one person against other in the civil court. The claim is inheritable and transferable, and considered to be a property of the person that has filed a claim.
GST, a unified tax regime for indirect taxes. This is perhaps the biggest tax reform in the regime of indirect taxes as it succeeds a number of indirect taxes that are applicable under the current regime.
The taxation framework in India is about to experience a radical shift once the GST (Goods and Services Tax) system takes over.
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