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Top headlines: RBI official wants crypto ban; Canada seeks more immigrants

Top property developers across western and northern India are getting into 'second homes' concept at leisure destinations. More on that in our morning wrap.

Asset monetisation: NITI seeks GST waiver for 'rights to use' transfers

At present, the transfer of 'Rights to Use' is considered a supply under the GST regime, and attracts 18 per cent tax in the hands of the new entity or special purpose vehicle

'Open to look into restaurants demand for higher GST rate with ITC benefit'

Revenue Secretary's comment comes at a time when a 5% tax is levied on restaurant services, irrespective of whether it is air-conditioned or non-AC, without the benefit of the input tax credit

K'taka CM urges Centre to extend GST compensation period upto 2024-25

Bommai presented the request when he called on Union Finance minister Nirmala Sitharaman in New Delhi on Monday.

Centre will bring ATF in GST for discussion in next Council meet: FM

Centre will bring for discussion in next meeting of the GST Council the issue of bringing aviation turbine fuel (ATF) into the goods and services tax regime, Finance Minister Nirmala Sitharaman said

Share of GST revenue from imports nearly constant since 2014

GST revenue from imports - The Indian imports have grown especially from China and so is import IGST. But as a proportion of total GST collections, revenue from imports has remained the same.

Fiscal capacity facilitates larger investments

Unfortunately, a great opportunity to bring down the general tariff rate has been lost

Budget 2022: Settlement for FY19 GST accounts gives states Rs 4,000 crore

Apart from the devolution for this fiscal year, states received an additional Rs 24,227 crore in the Revised Estimates of 2021-22 (FY22) on account of "prior period adjustment of tax devolution"

Budget 2022: Centre's move to ramp up state finances tight-fisted

Devolution to grow 13% to Rs 8.1 trn in FY23. Power reforms to allow borrowing up to 4% of GSDP in addition to Rs 1 trn capex loans. But funding for centrally-sponsored schemes stagnates

Budget 2022: Consumer electronics players lament no reduction in GST

Consumer electronics manufacturers were left disappointed on Tuesday as there was no concession or GST rationalisation on smart TVs and other products in the Union Budget 2022-23.

Budget is visionary, will boost Make in India & Atmanirbhar Bharat plans

Union Budget 2022 seems to be a visionary and simplified budget showcasing the long term focus of the government to take India @75 to India@100

GST collection in Jan crosses Rs 1.3-trn mark for fourth time in FY22: Govt

Revenues for month of January 2022 were 15% higher than GST revenues in the same month last year and 25% higher than the GST revenues in January 2020

At all-party meet, AAP demands discussion on Pegasus, Delhi's share of GST

At the meeting, the AAP also demanded that steps should be taken to stop the "insult" of Mahatma Gandhi and bring a law to guarantee minimum support price for the farmers produce

Millennials want lower GST on health insurance, more savings on home loans

Tax benefit on WFH expenses, regulatory clarity on cryptos also figure high on their wish list from this Budget

Bombay HC sets aside rejection of GST refunds claimed by Colgate Global

The court has set aside the order since the deputy commissioner of state tax did not provide any reasons while rejecting the order.

GST officers bust syndicate of fake firms involved in Rs 362-cr evasion

GST officers have busted a syndicate involved in the creation of fake firms and bogus invoices which led to a GST evasion of Rs 362 crore, the finance ministry said

AARs give divergent rulings on notice pay recovery by employers

No GST on such collections in Maharashtra, regarded as service in MP and taxed, money received from employees for medical insurance to non-dependent parents to draw GST too

Bring natural gas under GST for PM's vision of gas-based economy: Industry

Natural gas is currently outside the ambit of GST, and existing legacy taxes

GST authorities arrest 27-yr old for issuing bogus Rs 1,000 cr bills

A local court remanded the arrested accused to judicial custody for 14 days

Interest on non-payment of GST may be recovered without notice

But with court backing, the authorities are considering doing it in some cases of mismatch in the invoices