GST haze holding up funding, innovation at ride-hailing companies

App-based ride hailing services have slammed on the brakes on innovation as well as fresh investments for want of a clarity on the goods and services tax (GST) rates applicable under different business models on taxi and auto-rickshaw rides, said people with knowledge of the matter. Aggregators cite conflicting rulings by the Authority on Advance Ruling (AAR), they said, as recent rulings in Karna…