CA Online

  Gross GST collection in March grew 9.9 per cent to over Rs 1.96 lakh crore, government data showed on Tuesday. GST revenue from domestic transactions rose 8.8 per cent to Rs 1.49 lakh crore, while revenue from imported goods was higher 13.56 per cent to Rs 46,919 crore. Total refunds during March rose 41 per cent to Rs 19,615 crore. After adjusting refunds, net GST revenue stood at over Rs 1.76 lakh crore in March 2025, a 7.3 per cent growth over the year-ago period.       - Business Standard 02 th March, 2025

  Bengaluru-based shared office space provider IndiQube has got approval from markets regulator Securities and Exchange Board of India (Sebi) to raise Rs 850 crore through an initial public offer. Led by co-founders Rishi Das and Meghna Agarwal, the company is among a slew of co-working players that are charting out funding plans through public listings amid a rise in flex space leasing, with corporates increasingly pushing employees to work from offices. According to the draft red herring prospectus (DRHP) filed in December 2024, IndiQube's proposed IPO includes a fresh issue of equity shares worth Rs 750 crore and an offer for sale (OFS) of Rs 100 crore. Of the amount it plans to raise, Rs 426.6 crore will go towards capital expenditure, Rs 100 crore for debt repayment or prepayment, and the remainder for general corporate purposes. ICICI Securities Limited and JM Financial Limited are the book running lead managers for the offering. Backed by venture capital firm WestBridge Capi...

  The Reserve Bank of India (RBI) on Tuesday said the joint account in banks can be continued after the death of a central government pensioner if the spouse, who is authorised to receive family pension, is the survivor. Banks should not insist on opening a new account in the case of a central government pensioner, and the family pension should be credited to the existing account, the RBI said in its Frequently Asked Questions (FAQ) for Payment of Pension to Government Pensioners. Referring to the acknowledgement of life certificates, the RBI said there have been complaints about misplacement of life certificates submitted to bank branches, causing delays in the payment of monthly pensions. Banks were asked to mandatorily issue duly signed acknowledgements on receiving life certificates to alleviate the hardships faced by pensioners, it added. They were also requested to consider entering the receipt of life certificates in the Core Banking System (CBS) and issue a system-generated...