GST will make highways free of traffic
By Muqbil Ahmar The current scenario of the logistics industry in India is far from ideal. Today, Central and state governments levy different taxes separately. A Ministry of Road Transport and Highways report says that a typical truck spends 16% time at check-posts. On an average, a truck in India runs an annual distance of 85,000 km compared to 150,000 to 200,000 km in the Western countries. The industry is fragmented due to the state-level tax structures, which forces enterprises to put up warehouses in every state. This makes the supply chain longer than necessary and to a certain extent inefficient. Additionally, due to the complex tax structure, the transport industry spends 50--60 percent of resources on tax compliance and deposit of interstate sales tax. GST implementation aims to remove complex web of tax structure The Goods and Services Tax ( GST ) will be implemented this year. The new law is expected to help the overall growth of economy and a so
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