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Rapido liable to pay GST for cab services: Karnataka AAR
Economic Times
·
1y ago
Medial
The Karnataka Authority for Advance Rulings (AAR) has ruled that ride-hailing platform Rapido is liable to pay goods and services tax (GST) for its cab services. This ruling creates ambiguity over GST applicability for app-based mobility companies operating on the subscription model. Rapido charges a subscription fee to its driver partners and does not make revenue on the fare. However, the AAR has determined that Rapido's services, provided through independent four-wheeler service providers, will attract GST. Rapido is considering appealing the ruling. This ruling potentially raises tax dues on Rapido's cab services.
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GST on ride-hailing: Karnataka AAR says may recall ruling on Namma Yatri - The Economic Times
Economic Times
·
1m ago
Medial
Karnataka's Authority for Advance Ruling (AAR) might reverse a decision that Juspay Technologies' Namma Yatri service wasn't liable for GST on auto-rickshaw rides. Juspay had transferred the business to Moving Tech Innovations. The AAR indicates potential ruling voidance due to misrepresentation, as Namma Yatri was acquired as a "going concern." Experts see this move as an unusual attempt to repeal a business-friendly provision. Meanwhile, GST applicability for ride-hailing services remains debated.
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GST haze holding up funding, innovation at ride-hailing companies
Economic Times
·
10m ago
Medial
App-based ride hailing services such as Uber and Rapido have halted innovation and investment due to a lack of clarity on goods and services tax (GST) rates applicable to different business models for taxi and auto-rickshaw rides. Conflicting rulings by the Authority on Advance Ruling (AAR) have created uncertainty in the industry, prompting Uber to seek clarification. The confusion exists in all states, with recent rulings in Karnataka and Tamil Nadu holding divergent views on GST applicability. This inconsistency in tax administration hampers competition and creates pricing arbitrage advantages.
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Karnataka HC stays AAR notice to Juspay in Namma Yatri case - The Economic Times
Economic Times
·
1m ago
Medial
The Karnataka High Court has stayed a notice from the Karnataka Authority for Advance Ruling (AAR) to Juspay Technologies regarding the Namma Yatri app. The AAR intended to void an earlier ruling exempting the app from GST collection, citing asset transfer to Moving Tech Innovations as a potential misrepresentation. However, the court found merit in Juspay's argument that asset transfer alone doesn't constitute misrepresentation, warranting further judicial examination.
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No surge pricing for Ola, Uber as K’taka announces uniform fare for taxis
Inc42
·
1y ago
Medial
The Karnataka transport department has announced a new fare structure that will impact app-based cab aggregators like Ola, Uber, and Rapido. Under the new regime, surge charges will not be allowed during peak hours. The fares have been divided into three categories based on vehicle cost, with prices ranging from INR 100 to INR 130 for a 4-kilometer commute. The government aims to bring independent cab operators and app-based aggregators under one fare regime. This decision follows the Karnataka government's previous ban on auto services operated by Uber, Ola, and Rapido.
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WestBridge Capital-backed Rapido to ride in with services to 500 cities, up from 120 now
Economic Times
·
6m ago
Medial
Rapido, a WestBridge Capital-backed mobility startup, plans to expand its services to 500 cities from over 120, beginning February. It will initially target regions like Karnataka and Gujarat, later extending to other areas. Known for its two-wheeler, three-wheeler, and cab services, Rapido recently reported a 46% revenue increase and narrowed losses. The company, which raised $200 million last year, is also entering the quick commerce delivery sector using its two-wheeler fleet.
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Strongly believe we're not liable to pay any tax on delivery charge, says Zomato
Money Control
·
1y ago
Medial
Food tech company Zomato has stated that it is not liable to pay tax on delivery charges as it believes the amount is collected on behalf of its delivery partners. The statement follows a demand notice from the Directorate General of GST Intelligence (DGGI), requesting payment of pending tax dues. DGGI argues that Zomato is liable to pay 18% GST on the delivery fee, but industry experts contend that the burden falls on gig workers, who are exempt from GST. Zomato plans to file a response to the notice and asserts that it has a strong case.
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Rapido launches affordable intra-city mobility solution with Rapido Cabs, disrupting urban commuting with a SaaS-based platform driving zero commission for drivers
Startup News FYI
·
1y ago
Medial
Rapido, India's leading commute app, has announced its entry into the cab business with the launch of Rapido Cabs. With a fleet of 1 lakh vehicles, Rapido aims to provide an affordable intra-city transport solution while promoting entrepreneurship among cab drivers. The innovative SaaS-based platform offers a zero-commission model for drivers, ensuring they receive the entirety of their service value. Customers also benefit from competitive fares, making transportation more accessible for all. Rapido's expansion into cab services is part of its mission to revolutionize urban mobility.
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SC stays order quashing ₹21,000-crore GST notice to Gameskraft
BQ Prime
·
1y ago
Medial
The Supreme Court has halted the enforcement of a Karnataka High Court decision that invalidated a ₹21,000-crore show-cause notice issued by the Directorate General of GST Intelligence (DGGI) to Gameskraft Technologies. According to the DGGI, Gameskraft has amassed ₹70,000 crore in betting funds from approximately 45 lakh players over five years. The DGGI also argued that, based on a Supreme Court ruling, games played with stakes are liable to GST.
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Rapido launches cab service; set to take on Ola, Uber with SaaS play
Entrackr
·
1y ago
Medial
Rapido, the bike taxi and auto-rickshaw aggregator, has officially entered the cab aggregation space with the launch of Rapido Cabs. This move puts Rapido in direct competition with Ola and Uber. The Indian online taxi services market is valued at INR 30.72 billion and projected to reach INR 55.15 billion by FY 2025, indicating significant potential. With a fleet of 100,000 vehicles, Rapido aims to address the remuneration problems faced by drivers by adopting a dynamic subscription fee model for earnings on the platform. The startup is also considering adding bus ticketing services in partnership with Zingbus.
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Ride-hailing firms to seek GST clarity from tax regulator
Economic Times
·
1m ago
Medial
Ride-hailing companies like Ola, Uber, and Rapido plan to address the Central Board of Indirect Taxes and Customs regarding the GST application on their SaaS subscription models. They argue this model creates tax inconsistencies and affects competitive parity, as the Karnataka Authority for Advance Ruling exempted Namma Yatri from GST, unlike others. The industry seeks clarity from authorities amid challenges, like diverging rulings and the potential for tax disputes, with the issue impacting pricing and competitiveness.
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