Ride-hailing firms to flag SaaS services GST worries to CBIC

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Ride-hailing platforms, including Ola, Uber, and Rapido, are set to make a fresh set of representations to the Central Board of Indirect Taxes and Customs (CBIC) on the contentious issue of applicability of goods and services tax (GST) on services offered under the SaaS model.

Under the SaaS model, platforms charge a fixed subscription fee to gig workers instead of a commission.

Companies are expected to flag ambiguities arising from inconsistent tax treatment of the SaaS model following divergent rulings from the Karnataka Authority for Advance…



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Ride-hailing firms to flag SaaS services GST worries to CBIC


Ride-hailing platforms, including Ola, Uber, and Rapido, are set to make a fresh set of representations to the Central Board of Indirect Taxes and Customs (CBIC) on the contentious issue of applicability of goods and services tax (GST) on services offered under the SaaS model.

Under the SaaS model, platforms charge a fixed subscription fee to gig workers instead of a commission.

Companies are expected to flag ambiguities arising from inconsistent tax treatment of the SaaS model following divergent rulings from the Karnataka Authority for Advance…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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