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GST ON RAPIDO
GST on subscription ride-hailing platforms like Rapido and Bharat Taxi may hit driver earnings: ReportA new report warns that extending GST to subscription-based ride-hailing platforms like Rapido could significantly impact drivers and passe...- Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.
- Eternal shares jump 3% from lows as Zomato hikes platform fee by Rs 2.4 per orderEternal shares surged 3% after Zomato increased its platform fee by Rs 2.40 per order, bringing it in line with rival Swiggy. This move fol...
- Industry body says GST reducing drivers' net earnings; to approach FinMin to re-look at tax structureOnline ride-hailing platforms face challenges with current GST rules. The Internet and Mobile Association of India, IAMAI, has written to t...
- Swiggy rides out of Rapido; Festive fervour hits ecommHappy Wednesday! Swiggy is selling its entire stake in Rapido, following the latter’s foray into food delivery. This and more in today's ET...
- ETtech in-depth: Rapido races to the top, keeping Uber on edgeBengaluru-based mobility company Rapido now has nearly half the share of overall ride-hailing market, with monthly active users at 50 milli...
- Uber’s India ambitions face latest challenge from rival RapidoRapido, an Indian ride-hailing service, is growing rapidly. It is surpassing Uber and Ola in new user acquisition. Rapido's unique subscrip...
- Digital lenders stay cautious; Swiggy sees no easy wins for RapidoHappy Thursday! Some digital lending startups reported modest profit growth in FY25, while others have pulled back on IPO plans. This and m...
- GST on ride-hailing: Karnataka AAR says may recall ruling on Namma YatriThis follows Bengaluru-based Juspay hiving off the cab-hailing business to a subsidiary, Moving Tech Innovations. The AAR said the company ...
- Why the ride-hailing industry moved away from commission-based modelsThe ride-hailing industry has traditionally operated on commission-based models, where platforms take a percentage of each fare as revenue....
- Ride-hailing firms to seek GST clarity from tax regulatorOla, Uber, and Rapido will approach CBIC regarding GST on their SaaS model following conflicting rulings from the Karnataka AAR. Some firms...
- GST on rides: Platforms, unions push for review of levy on SaaS model as CBIC escalates it to GST CouncilThe GST Council delays a decision on the GST levy for ride-hailing apps. Companies and driver unions seek clarity on the SaaS model's tax i...
- Rapido to soon launch airport pool taxis to Bengaluru airportMobility players flagged excessive GST on batteries. Assets and vehicles should be efficiently utilised while creating employment opportuni...
- GST on rides: CBIC gives a week’s time to ecommerce firms to give views, promises clarificationA three-member team led by CBIC chairman Sanjay Kumar Agarwal met with representatives from the app-based transportation companies at North...
- Uber effect: CBIC to meet with ecommerce operators on Monday to resolve GST on ridesThe meeting comes in the wake of a September 25 direction from the Karnataka High Court to the CBIC to decide on Uber India’s representatio...
- GST haze holding up funding, innovation at ride-hailing companiesApp-based ride-hailing firms have put innovation and fresh investments on the backburner due to uncertainty around the Goods and Services T...
- Rapido goes past $1 billion GMV markRapido, which launched as a bike-taxi platform, has crossed a gross merchandise value (GMV) of $1 billion on the back of aggressive expansi...
- Rapido's GST hurdle; Byju’s-BCCI settlementRide-hailing app Rapido has been held liable to pay goods and services tax (GST) for its cab service. This and more in today’s ETtech Top 5.
- Rapido liable to pay GST for cab services: Karnataka AARThe Bengaluru-based company is evaluating challenging the ruling, which opens it up to previous tax dues. Rapido, which originally started ...
- Ola, Uber roll out subscription-based plans for auto driversAdopting Namma Yatri, Rapido model may help platforms bypass 5% GST on auto rides. Ola has released its subscription model over the last fe...
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