GST On Logistics Services & its Impact

Impact of GST on Logistics Sector and services

Ministry of Road Transport & Highway

Government of India


GST IMPACT ON LOGISTICS INDUSTRIES


Download the Official PDF on GST (Ministry of Road Transport & Highway) : CLICK HERE

GST Impact : Trucks Save 8 hours on chennai-Delhi run :

Truck owner, logistics providers said not only had  the tax saved time, it had also reduce costs – (Business standard, july 20 , 2017)

Prime Minsiter Narendra Modi : GST is a catalyst will fix the imbalance in india’s trade system.

Nitin Gadkari  : “India’s logistics sector would gain the most from the goods and services tax as costs would fall by almost 20%,” (Road transport and shipping minister.)

Trucks aggregators including blackbuck, Rivigo and Fr8 said orders are picking up again and believe that the new tax structure will have an overall positive impact on the logistics sector, especially since the removal of intercity check posts will reduce travel time. (The Economic Times, 12 July, 2017)

Logistics and warehousing  gaining from GST : 

Logistics and warehousing sectors are already witnessing gains of the Goods and services Tax (GST) and set to grow further, according to Somesh Kumar, Principal Secretary, Commercial Taxes & Exercise, Government of Telangana (Business line, july 14, 2017)

 

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