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How will GST impact the logistics sector?

How will the Goods and Services Tax (GST) impact the logistics sector? Here is CNBC-TV18’s Menaka Doshi analysing the impact on the same.

January 13, 2016 / 22:28 IST
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How will the Goods and Services Tax (GST) impact the logistics sector? Here is CNBC-TV18's Menaka Doshi analysing the impact on the same.Utkarsh Sanghvi, Indirect Tax Partner, EY, says international freight is a tax exempt service, adding, it will need to be zero-rated to avoid blockage of credits under GST. Furthermore, GST will not be levied on goods being exported, but the logistics services will be taxed, adding to the overall cost of exports, he says.However, Sanghvi is of the view that local courier and logistics companies might benefit from smoother inter-state flow of goods, thereby reducing compliance costs.Watch video for more

first published: Jan 13, 2016 06:10 pm

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