• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Friday, August 19, 2022
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Aamir’s brother retells the story of how Aamir subjected him to torture and abuse

    Aamir’s brother retells the story of how Aamir subjected him to torture and abuse

    Modi Gov blocks 8 Huge YouTube Channels for publishing anti-India content

    Modi Gov blocks 8 Huge YouTube Channels for publishing anti-India content

    BJP parliamentary board list

    Yogi’s name is absent from BJP National Parliamentary Board list. But Hey! So was PM Modi’s

    Nuclear ICE Age

    Could a full nuclear scale between the US and Russia bring back the ICE Age?

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    ICD Tumb

    Acquisition is the new cool for Gautam Adani

    PM Modi’s pledge

    The West is in awe of PM Modi’s pledge to transform India into a developed nation by 2047

    Adani aluminum

    Gautam Adani is now going to give Tata and Birla a tough run for money in aluminum sector

    Musk dumping Tesla shares

    Elon Musk is Done!

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Howitzer Gun

    ATAGS Howitzer Gun: First time in independent India, Tiranga was hoisted amid indigenous guns’ salute

    Rajouri attack: Pak’s new terror group will be a dead-on target for Ajit Doval

    Rajouri attack: Pak’s new terror group will be a dead-on target for Ajit Doval

    Indian Ocean India

    Indian Ocean is finally India’s own

    Indian navy

    Indian Navy will soon be a force to reckon with

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Ukrainian Foreign Minister India

    Ukrainian foreign minister blames India for Zelenskyy’s crimes

     It is my moral duty to get Indians the best Deal: Dr. S Jaishankar

     It is my moral duty to get Indians the best Deal: Dr. S Jaishankar

    It’s time that New Delhi teaches ‘broke’ Sri Lanka a lesson

    It’s time that New Delhi teaches ‘broke’ Sri Lanka a lesson

    Imran Khan: The latest addition to Jaishankar fan club

    Imran Khan: The latest addition to Jaishankar fan club

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Savarkar poster

    Veer Savarkar vs Tipu Sultan Poster: ​Why is the left lobby so afraid of Savarkar?

    3 incidents that make 14 August a blot on India’s history

    3 incidents that make 14 August a blot on India’s history

    A Hindu mandir in Dubai is setting Islamoleftists’ posteriors on fire

    A Hindu mandir in Dubai is setting Islamoleftists’ posteriors on fire

    death of Vikram Sarabhai

    Vikram Sarabhai- The man who foresaw space commercialisation; died a mysterious death

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Aamir’s brother retells the story of how Aamir subjected him to torture and abuse

    Aamir’s brother retells the story of how Aamir subjected him to torture and abuse

    Lal chaddha

    Hrithik, Kashyap, Arjun Kapoor: Bollywood loses its head after LSC disaster

    Abhishek Agarwal picture

    As Bollywood is bleeding millions, one Abhishek Agarwal is making a killing

    Laal Singh Chaddha

    LSC makes ‘Mela’ look like a masterpiece ​

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Aamir’s brother retells the story of how Aamir subjected him to torture and abuse

    Aamir’s brother retells the story of how Aamir subjected him to torture and abuse

    Modi Gov blocks 8 Huge YouTube Channels for publishing anti-India content

    Modi Gov blocks 8 Huge YouTube Channels for publishing anti-India content

    BJP parliamentary board list

    Yogi’s name is absent from BJP National Parliamentary Board list. But Hey! So was PM Modi’s

    Nuclear ICE Age

    Could a full nuclear scale between the US and Russia bring back the ICE Age?

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    ICD Tumb

    Acquisition is the new cool for Gautam Adani

    PM Modi’s pledge

    The West is in awe of PM Modi’s pledge to transform India into a developed nation by 2047

    Adani aluminum

    Gautam Adani is now going to give Tata and Birla a tough run for money in aluminum sector

    Musk dumping Tesla shares

    Elon Musk is Done!

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Howitzer Gun

    ATAGS Howitzer Gun: First time in independent India, Tiranga was hoisted amid indigenous guns’ salute

    Rajouri attack: Pak’s new terror group will be a dead-on target for Ajit Doval

    Rajouri attack: Pak’s new terror group will be a dead-on target for Ajit Doval

    Indian Ocean India

    Indian Ocean is finally India’s own

    Indian navy

    Indian Navy will soon be a force to reckon with

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Ukrainian Foreign Minister India

    Ukrainian foreign minister blames India for Zelenskyy’s crimes

     It is my moral duty to get Indians the best Deal: Dr. S Jaishankar

     It is my moral duty to get Indians the best Deal: Dr. S Jaishankar

    It’s time that New Delhi teaches ‘broke’ Sri Lanka a lesson

    It’s time that New Delhi teaches ‘broke’ Sri Lanka a lesson

    Imran Khan: The latest addition to Jaishankar fan club

    Imran Khan: The latest addition to Jaishankar fan club

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Savarkar poster

    Veer Savarkar vs Tipu Sultan Poster: ​Why is the left lobby so afraid of Savarkar?

    3 incidents that make 14 August a blot on India’s history

    3 incidents that make 14 August a blot on India’s history

    A Hindu mandir in Dubai is setting Islamoleftists’ posteriors on fire

    A Hindu mandir in Dubai is setting Islamoleftists’ posteriors on fire

    death of Vikram Sarabhai

    Vikram Sarabhai- The man who foresaw space commercialisation; died a mysterious death

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Aamir’s brother retells the story of how Aamir subjected him to torture and abuse

    Aamir’s brother retells the story of how Aamir subjected him to torture and abuse

    Lal chaddha

    Hrithik, Kashyap, Arjun Kapoor: Bollywood loses its head after LSC disaster

    Abhishek Agarwal picture

    As Bollywood is bleeding millions, one Abhishek Agarwal is making a killing

    Laal Singh Chaddha

    LSC makes ‘Mela’ look like a masterpiece ​

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
No Result
View All Result

How GST has helped reduce logistic costs substantially

Amit Agrahari
by Amit Agrahari
14 May 2019
in Economy, Economy1
0
GST, transportation

(PC: The Hindu BusinessLine)

1.5k
VIEWS
Share on FacebookShare on Twitter

The positive results of GST are visible across the sectors from an improved tax base to ease of doing business. It has been less than two years since the historic midnight implementation of GST on July 1, 2017. Within the short span of one year, the turnaround time for trucks improved by 10-15 percent in a day. This helped to reduce the logistic cost substantially and therefore the consumer now gets goods at cheaper prices and the companies profit have increased. According to  Mahindra Logistics, a 3,851 crore rupees firm which transports automobiles, Fast moving consumer goods (FMCG), and consumer durables – GST has been helpful in reducing the logistics cost.

“Trucks moving 300-350 km a day in the pre-GST days are now moving 400-410 km. Faster turning wheels have led to a drop in cost of logistics,” said Pirojshaw Sarkari, CEO, Mahindra Logistics. The automobile firms which faced problems in sub-assembly due to excise duty are trying to catch up with global practice after the implementation of GST. “Earlier, most of the automobile companies did the sub-assembly — which involved putting together two-three parts to form say, an engine — within the factory because the Excise Law did not permit sub-assembly outside of factory. But now, with Excise gone and GST coming in, auto-makers have a choice to store their parts. Cost of manufacturing or sub-assembly is higher for a manufacturer than a for logistics player,” said Sarkari.

 It was expected that after the rollout of GST the companies will move towards higher tonnage trucks and warehouse consolidation due to the removal of inter-state tax barriers.

ICRA conducted a study on 50 transport companies and 15 customer-oriented companies to find out the positive and negative effects of GST on transportation and warehousing. In its study, ICRA found that the removal of inter-state check posts has been the main factor in reducing the transportation timing. “The impact is more pronounced in States like Kerala, West Bengal, Maharashtra, Madhya Pradesh and Bihar, which were known for notoriously high waiting time,” said the report by ICRA.

The study found that the e-way bill which is necessary for intra-state transporters to carry out goods from one place to another had a positive effect on logistics efficiency. “The overall impact of an e-way bill has been positive,” said the study. The two-thirds of the respondent said there is significant time-saving and paperwork reduction due to digitization. On the overall impact of the GST in transportation and warehousing and its long-term prospects, ICRA said the full benefit of GST on the road logistics sector is expected to be realized over the longer term.

One of the main purposes to bring GST was to reduce the transportation time in transfer of goods between states. The end number of toll tax collection points in the states like Maharashtra and Kerala increased the transportation time. In the post GST period, the time wasted on toll tax collection points has been reduced significantly which resulted in turnaround time going down by 20 percent. The companies have to maintain warehouses in different states to take benefits of lower taxation in one state in comparison to other. Now since the taxation is at single rate throughout the country the companies could consolidate their warehouses because they have to pay same tax irrespective of the place of the warehouse.

Tags: gst
Share361TweetSend
Previous Post

PM Modi’s statement about radars stands substantiated: Radars can detect objects through clouds but their efficiency is reduced

Next Post

Piyush Goyal hits back at Riteish Deshmukh over his father’s controversial legacy

Amit Agrahari

Amit Agrahari

Engineering grad but Humanities and social sciences are my forte. Avid reader of religious Scriptures (Especially Hindu), Lord Shiva devotee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Aamir’s brother retells the story of how Aamir subjected him to torture and abuse

Aamir’s brother retells the story of how Aamir subjected him to torture and abuse

18 August 2022
Modi Gov blocks 8 Huge YouTube Channels for publishing anti-India content

Modi Gov blocks 8 Huge YouTube Channels for publishing anti-India content

18 August 2022
BJP parliamentary board list

Yogi’s name is absent from BJP National Parliamentary Board list. But Hey! So was PM Modi’s

18 August 2022
Nuclear ICE Age

Could a full nuclear scale between the US and Russia bring back the ICE Age?

18 August 2022

Popular This Week

BYJU’s
Analysis

BYJU’s on the road to become the next SAHARA….

by Rahul Gupta
1 July 2022
Ranbir Kapoor proves why Bollywood can never improve when it comes to Hinduphobia
Analysis

Ranbir Kapoor proves why Bollywood can never improve when it comes to Hinduphobia

by Paurush Gupta
13 July 2022
India oil
Geopolitics

MEA’s response to countries crying India-Russia, “stay the hell out of our business”

by Abhishek Kumar Singh
13 August 2022
Lal Singh Chaddha
Cinema

If LSC performs really well in China, probe agencies should investigate the numbers

by Paurush Gupta
13 August 2022
India PhD Scholars Research
Trending

India produces 3rd class PhDs every year on an assembly line. It needs an immediate fix

by Apoorva Shukla
18 February 2022

©2022 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2022 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost