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…
by Ravi Kaul I April 20 I Road to efficient logistics India sets a benchmark in providing the low-cost services by and large in every field. Still, India has higher logistics cost due to various factors and challenges faced by the industry. Our country is vast and complex, and a complex tax structure has governed…
GST impact on Warehousing in India In India, there has been no uniform and easy to implement taxation policy in place across various supply chains. Consequently, the distribution as well as warehousing strategies are tax oriented which restricts effective utilization of available resources. As we have seen, companies build warehouses in each state to evade…
