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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The ruling comes at a time when the Bengaluru-based ride-hailing platform has joined the Unicorn club.
The Karnataka Authority for Advance Rulings has ruled that ride-hailing startup Rapido is liable to pay the goods and services tax for its cab services. A copy of the ruling, released on 24 July, was reviewed by The Morning Context.
Rapido’s original argument was that under the Central Goods and Services Tax (CGST) Act, 2017, tax applies to “e-commerce operators” that collect payments on behalf of suppliers (cab drivers, in this case). The company argued that it did not fall under this definition since it did not collect fare payments on behalf of its suppliers. It also argued that …
