Ola to tap inter-city cab market

The government is known to have come out with a comprehensive document on taxation rules and procedures for various sectors, including the taxi aggregators under the Goods and Services Tax (GST). Over 500 questions compiled in the form of Frequently Asked Questions (FAQ), the Central Board of Exise and Customs (CBEC) is known to have covered registration, valuation and payment, scope and time of supply, refunds, seizure and arrest among other issues. Accordingly, taxi aggregators such as Ola and Uber will have to register under the GST regime and are claimed to not have been granted any exemption from the prescribed threshold limit. The FAQs based on model GST law could however be changed post a deliberation with the respective state governments.

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