The logistics sector is one of the most prominent players in the development of Indian economy. Today, Indian Logistic sector stands at an estimated worth of $194 Billion and is expected to witness an increment of $21 Billion in the next 2 years. Well, a huge credit can be given to GST (Goods & Services…
GST in India! What would be the Impact on Manufacturing Sector
India’s complex indirect tax system has affected the progression of the country’s manufacturing sector. With the MakeInIndia and DigitalIndia initiative, the country is on its way to becoming a major manufacturing hub for Asia and the world. However, unless the Tax system is made easier to understand and comply with, the dream will not be…
Impact of GST on Logistics Industry
The inception of Goods and Services Tax has cut the first turf towards streamlining the logistics industry in India. Previously, all states, within the country taxed goods, which were transported across at different rates. In a nutshell, the state authorities performed a comprehensive check of the goods, and levied an appropriate tax on the freight,…
How will GST prove to be a beneficial upshot for B2B E-commerce?
Goods and services tax, or what we are more familiar with, GST, is one of the most crucial tax reforms ever implemented in India. Though it was in pipeline since quite a sometime, it finally fell into place on 1st of July 2017. It is anticipated that GST, in addition to deciphering the indirect taxation…
GST, A Stairway To New India
Imagine the world where you end up paying 4-5 different taxes while purchasing any good for your use. Well, put a break on your imagination because you are actually doing the same right now. In India, we have several types of Indirect & Direct taxes. Though we only think Income tax as a tax which…