Shifting pattern of supply chain The world of trade and commerce is experiencing an unprecedented level of change, with an exponential rise in the demands of customers. New businesses are popping up at every turn, introducing new technologies and faster schemes to reach out to consumers, captivate them, and increase chances of brand loyalty. This…
World class warehousing and material handling services : With more than 20 warehouses around the country linked to its overall distribution network, NWCC offers warehousing and distribution services across industries. All the warehouses are linked through state of the art IT infrastructure. NWCC gives real time inventory visibility to customers. Equipped with modern handling equipment’s…
The 2018 Union Budget was presented by the Finance Minister Arun Jaitley, on 1 Feb 2018. This is the first budget after the introduction of prominent reforms in the Indian economy, such as the Goods and Services Tax implementation, mega PSU bank recapitalisation, and dynamic fuel pricing. The key features of the Union Budget 2018…
Latest news on GST : GST revenue figured touches whooping Rs 9K Crore in September. The total revenue of GST paid under different heads (upto 25th September, 2017) is Rs. 90,669 crore. This was stated in an official release from the finance ministry. The total CGST revenue is Rs. 14,402 crore, SGST revenue is Rs. 21,067…
2018 trends in Indian warehosuing would be an exciting year to look for. In the recent study done by the World Bank, India has jumped 19 positions in the Logistics Performance Index (LPI). Now, the country stands at 35 rank, while it stood at the 54th position back in 2014. The greater investment opportunity in…
GST IMPACT ON VARIOUS SECTORS – A BREAK DOWN GST is all set to be rolled out after 17 years since it was first proposed. The much talked about ‘One nation one tax’ GST has been implemented in the country from midnight on June 30., just enough to make it a strong contender for news…
GST impact Transport and logistics (T&L) sector What to expect The registration, payment and refund processes under GST will be routed through a centralised common portal set up by GSTN. The common portal will act as an interface between the taxpayers, authorities, banks, RBI and accounting authorities. At the back-end, the portal will be integrated…
GST Impact on Logistic Sector With the introduction of the Goods and Services Tax (GST) from July 1, 2017, inter-state transportation of goods would become more efficient. And among all, the logistics sector, comprising inbound and outbound segments of manufacturing and services supply chains, is likely to get the much-needed boost. Logistics companies in India…
Let’s understand the GST Impact on Logistics Companies: Author: Mr. Venkat Reddy B. – AVP Strategy, Biz Analyst & Audit – NWCC LLP The unified tax regime, that is, GST is coming into effect from 1st July 2017. GST will bring about some significant but welcome changes, especially for logistics sector. NWCC is tuned up to…
Future of logistics and supply chain in India. Since the liberalization of the Indian Economy in the early 90s, India has been pegged to become a global power. Since then, significant developments in technology, talent development, and infrastructure have meant that India has grown into a world leader in multiple fields. Supply Chain was not…
