Goods and services tax (GST) implementation is going to be a watershed in the re-imagining of India’s supply chains. GST will make supply chains more efficient, but there is a serious drawback in the current draft—GST makes supply chains vulnerable to upstream compliance-related disruption.
MUMBAI: New-age warehousing and logistics in India would be midwifed by the Goods and Services Tax (GST), which also aims to transform the South Asian nation into an integrated market for the first time since Independence.
Small and often ill-equipped stRead More
New Delhi: Projecting Rajasthan as a growth engine, its Chief Minister Vasundhara Raje today called upon investors to come for a 'fruitful handshake' with a state that is emerging as India's logistics hub.
Addressing the India Integrated Transport & LogistRead More
In the run-up to the implementation of the Goods and Service Tax (GST), distributors and wholesalers in various sectors could be tempted to de-stock, in a bid to avoid losses on the tax credit front. Since product-wise GST rates will be finalized at the end of June, concerns over potential losses arising from mismatch between tax payout and tax refund once GST is in place, has led to traders reducing stock-in-trade.
The Goods and Service Tax (GST) regime is just around the corner but the credit input-related transitional provision is likely to have a major impact on dealers' as well as retailers' pockets.
In central GST if dealers or retailers do not have the excise bRead More
Prompted by the Prime Minister’s Office, the Centre has begun discussions to set up a national level nodal body for all transport-related matters across modes including aviation, railways, surface transport and waterways.
The proposed ‘Logistics and InRead More
NEW DELHI, APRIL 17: The proposed electronic way bill under the goods and services tax regime (GST) has evoked a mixed reaction from from logistics players, who expect challenges in operationalising it in its present form in the short run. However, they agree that ultimately this would lead to easier funds flow.
The Central Board of Excise and Customs (CBEC) put out a proposal on e-way bill, as a part of easing inter-State traffic movement under the GST regime.
“The proposed e-Read More
What changes will GST bring in to your sector?
The introduction of GST will incentivise the logistics sector in India. It is expected to act as the secondary factor that will build upon the primary foundation of a good infrastructure and faster adoption of technology in the sector. Implementation of GST would increase productivity and raise efficiency levels in the logistics sector and the economy as a whole. According to various industry estimates, freight times will come down by 30-40 per cent and logistics costs are expected toRead More
The industry has to incur a large amount on logistics and the cost is one of the highest in the world, say industrialists.
They said the government, both at the Centre and state, should take measures to bring down the cost to aid the industry. “The logistics cost in India is the highest in the world,” said SC Ralhan, President, Ludhiana Hand Tools Association.
The logistics cost within the country is higher than the cost of sending goods from the port to the final destination. The cost of sending freight from Punjab to MRead More
BENGALURU: The roll-out of the goods and services tax and real estate investment trusts is expected to fuel the growth of warehousing stock across the country in the next few years.
“The warehousing, manufacturing and logistics industries will benefit the most from the implementation of GST in India and the new tax regime will also usher in an era of upgradation in the warehousing infrastructure,” said JLL India CEO Ramesh Nair.
According to the real estate services firm, the total stock of Grade-A and Grade-B warehoRead More