July 22, 2017

GST Will Lead To More Savings On Ola, Uber Rides

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Ola and Uber have seen manifold growth due to reasonableness of prices at which the services are offered. New Delhi: Cab rides could get marginally cheaper for customers from July 1 as the incidence of tax will come down to five per cent for bookings made on cab aggregators like Ola and Uber.

Currently, a tax of six per cent is levied on rides booked through cab aggregators.

“Such reduction is a welcome move for cab aggregators and consumers considering the increased demand of services of cab aggregators,” Deloitte Haskins & Sells Senior Director Saloni Roy said.

It shall accordingly provide a further boost to the already thriving operations of cab aggregators, she added.

The introduction of services by cab aggregators has seen manifold growth due to the ease and reasonableness of prices at which the services are offered.

“The GST rate on cab aggregators is proposed to be at 5 per cent as compared to the current abated service tax rate of 6 per cent. This is the rate closest in the various bands of GST rates of 5, 12, 18 and 28 per cent,” Mr Roy said.Amit Jain, President of Uber India and South Asia also welcomed the move.”By ensuring that the […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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