Table of Contents

2017 Month : November Volume : 3 Issue : 4 Page : 174-177

EFFECT OF GST ON INDIAN LOGISTICS SECTOR.

Rahul Nivrutti Dalvi1

Corresponding Author:
Rahul Nivrutti Dalvi,
#Mharal Row No. 693,
Opposite to Octroi Naka-5,
MIDC Road,
Kalyan Taluk,
Thane-421301,
Maharashtra
E-mail: rahuldalvi5@rediffmail.com

 

ABSTRACT

Logistics is an integral activity for economic growth as it involves the management of flow of goods from place of origination to place of consumption. The sector comprises shipping, port-services, warehousing, rail, road and air freight, express cargo and other value added services. The global logistics market currently generates over USD 8 trillion annually and represents around 11% of global GDP. Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple taxes levied by the central and state governments. The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Under GST, goods and services are taxed at different rates. This paper is an attempt to find out effect of GST on Indian Logistics Sector.

 

KEYWORDS

Indian Logistics Sector, GST, Regression Model, Warehousing, Telecom.

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