HomeStartupsGST haze holding up funding, innovation at ride-hailing companies

GST haze holding up funding, innovation at ride-hailing companies

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App-based ride-hailing firms have put innovation and fresh investments on the backburner due to uncertainty around the Goods and Services Tax (GST) rates applicable under different business models on taxi and auto-rickshaw rides. Aggregators have cited conflicting rulings by the Authority on Advance Ruling (AAR) for hitting the brakes on their future plans.

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