Business & Economics

Uber And Ola Face GST Evasion Allegations

BP World Bureau | Jan 12 2021 01:58:53 PM
Image credits: BP creatives

The cab aggregators Uber and Ola are facing GST (Goods and Services Tax) evasion allegations. 

The Director-General of Goods and Services Tax Intelligence (DGGI) issued summons to officials of both the companies and also initiated a probe into these allegations. 

Tax liability of Uber India stands around Rs 800 crore, while that of Ola Cabs is around Rs 300 crore, said the GST arm. 

Both Ola and Uber said that they have received notices and will cooperate with the probe. 

The I-T department is also conducting searches on various companies including Swiggy, Instakart, Zee Entertainment Enterprises and Larsen & Toubro for a fake input tax credit, as per reports.