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 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…
Logistics set for rapid growth in India India’s logistics sector is poised for accelerated growth, led by GDP revival, ramp up in transport infrastructure, e-commerce penetration, impending GST implementation, and other initiatives like ‘Make in India.’ Supply Chain and Logistics Management is one of the fastest growing sectors in the country with the growth of sectors…
