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BORDER CHECKPOSTS GST
GST provided much-needed reform to the logistics sectorTransporters and logistics players ET spoke to said the switch to GST led to at least 20% reduction in turnaround time of trucks after bord...
PM Narendra Modi rules out single rate under GST, says Mercedes and milk cannot have same taxModi said the Goods and Services Tax (GST) has within one year of its launch led to over 70 per cent jump in indirect taxpayer base, demoli...
Council to decide on inclusion of natural gas, ATF in GST: Hasmukh AdhiaWhile prevailing tax rate is way beyond the 28% peak tax rate under GST, tax incidence on natural gas and ATF is low enough to get fitted i...
Long-haul trucks covering greater distance post GST: Govt StudyTrucks are travelling 300-325 km a day, an up to 44% increase from the average of 225 km a day before July 1, when the goods and services t...
Nitin Gadkari presses for reforms in transport sectorCalling for better standards of buses besides double-decker ones, Gadkari stressed that there is need to ply such buses on an inter-state b...
Roads ministry pegs truck owners’ savings from GST at Rs 30,000 crore a yearThe initial ground surveys in the first month (July) showed that a truck doing a 2,000 km round trip in a week was able to save 40-45 hours...
Seven 'hidden benefits' of GST, according to Economic Survey IIThe survey says optimism about the medium-term prospects for the economy has been engendered by structural reform actions and developments.
Trucks cover 30 per cent more distance a day post-GSTTrucks are covering 300-325 km a day on an average against about 225 km a day before GST, according to a document prepared by the road tran...
GST: Truckers’ gain is the loss of small vendors as checkposts disappearThe truckers’ gain, however, is a loss for small vendors and hawkers who did brisk business at choke points on highways.
A quick assessment of first 9 days under GSTGST has meant different things to different trades. ET reporters logged in to industrial hubs to get a feel of the GST rollout.
Logistics sector to gain most from GST as costs will be down by 20%: Nitin Gadkari"GST will benefit all, and most importantly, raise tax collections for the Centre and states. It will put an end to inspector raj," says Ga...
Border commercial tax checkposts in 22 states abolished after GST rolloutThese states include both NDA-ruled ones and those by the opposition, indicating a broad-based intent to implement the GST.
GST push for smooth truck ride as checkposts fallDespite the clarification, industry representatives said that bookings by goods transport agents had come down in recent days as they were ...
Initial reports say GST rollout has been hassle-freeThe government is now looking at a massive outreach to consumers as well as industry to clarify all issues and highlight the benefits of GS...
GST rollout will create one lakh jobs in next three months: Bandaru Dattatreya"As many as one lakh new jobs will be created in the next three months. It is also estimated that around 60,000 jobs will be created in the...
Railway Minister Suresh Prabhu sets up group to vet GST impact on RailwaysThe immediate impact of GST will see a 50 bps increase in AC and First Class train fares to 5 per cent from July 1.
Truck queues at state borders check posts may end soonGST Council has set up a task force, to ensure seamless movement of freight across the country and reduce losses to the economy, due to fre...
Setback for GST: Need for e-permit to be flashed at inter-state bordersThe states seem to have gotten their way and will continue with the old ‘permit raj’ system, undermining one the biggest gains of GST.
GST's a great idea. But making it work is not going to be easy, says Swaminathan AiyarThe slogan “one India, one tax, one market“ sounds terrific but may mislead non-experts. GST does not provide for one tax rate across India.
Interstate trade facilitation to enhance growth prospects: UBSAccording to the report, the size and potential growth of India's domestic market should be a boon for Indian and international producers.