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Monday, October 2, 2023

AAR ruling may benefit e-comm players which facilitate logistics

The GST-Authority for Advance Rulings (AAR) in Karnataka has ruled that Juspay Technologies, the provider of the ride-hailing app 'Namma Yatri', is considered an e-commerce operator under GST laws. However, the company is not required to collect and pay GST on transportation fare as the supply of passenger transportation is not made through it.

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Reinsurance buffers crash claim, Tata AIG logs Rs 1,008 crore profit

The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsu...