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GST Impact on Logistics and Warehousing Sector

GST Impact on Logistics and Warehousing Sector

The Goods and Services Tax (GST) regime is now ready to give a boost to the growth of the warehousing and logistics industry in India. New warehousing hubs are set to establish better facilities and better transportation and logistics services across the nation. According to a real estate consultancy firm JLL India, the implementation of GST has played a key role in the development of e-commerce giants and they will be able to choose a wide range of services across the country. It will undoubtedly benefit the logistics corner and offer cost saving on the consumer end. The GST bill has been implemented from 1st July 2017 and the government will facilitate E-filing of GST through online portals for filing procedures. With the advent of goods and services tax, it is also the support of e-commerce industry to further take the industry more worthy. As the scenario has changed a lot, the online shopping demands a firm supply chain to cater the needs of the general public.

gst impact on common man

GST (Goods and Services Tax) Impact on Common Man

Here in India, the maximum population is middle class and lower middle class where people either belong to service class or they depend on agriculture for their living. In this scenario, the most important question is what will be the impact of GST on a common man or a middle-class family. There are lots of question in the mind of a common man in these days such as : Is there anything new for him or it’s like an old material in a new package? Is there any tax refile for him in new tax provisions or it will increase the prices of goods and services for him?

GST Impact on Oil and Gas Sector

GST Impact on Oil and Gas Sector in India

Under the GST regime, the nation is likely to witness a transformation in the working of businesses. All the sectors are keen to know the consequences of the GST. some are happy with the decision and welcomed the proposal in a healthy way but there are some sectors that have witnessed certain loss after GST.

Right OR Wrong, Will GST Boost the Indian Economy?

In present scenario there are different types of taxes levied like service tax, VAT, Excise etc. In GST regime there will be a single rate of tax. The tax will be charged on value addition only. This will lead to lower down the cost of products and services. After the introduction of GST law, the customer will be able to know that what is the actual tax he is paying for the product or services.

LOK Sabha

Lok Sabha Approves GST; New Tax Structure Shall Commence From April 2017

GST finally saw its day of light after Lok Sabha also agreed upon the tax scheme to be implemented in the nation. Most of the prominent parties, leaders and general public were seen satisfied with the tax regime as everyone hopes that the Goods and Service Tax will surely bring some prosperity to the economy and citizens.

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