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Third-party logistics is set to gain popularity in India later this year, when the government simplifies national tax rules.
According to Navneet Kakkar, director of Quick Silver Freight Systems, the introduction of a general sales tax (GST) will streamline interstate trucking services and allow forwarders to operate more freely nationwide.
“In July we will have the GST finally, after waiting several years, and that’s going to be a game-changer,” said Mr Kakkar at the WCA First annual conference in Singapore today.
“It will ...
Comment on this article
Raj Sharma
April 01, 2019 at 6:04 amIt’s good to know that 3PL services are launching in India and GST will be a game-changer in that. It will simplify tax collection, but it will also free the logistics industry because India has over two dozen states with a physical border control for the movement of goods. This article is informative and easy to understand. Thank you for sharing this article.