{"id":1427,"date":"2009-07-20T07:01:00","date_gmt":"2009-07-20T07:01:00","guid":{"rendered":"https:\/\/taxolegal.com\/gstblog\/?p=1427"},"modified":"2021-12-23T07:05:07","modified_gmt":"2021-12-23T07:05:07","slug":"gst-a-positive-sign-of-growth-for-scm","status":"publish","type":"post","link":"https:\/\/taxolegal.com\/gstblog\/index.php\/2009\/07\/20\/gst-a-positive-sign-of-growth-for-scm\/","title":{"rendered":"‘GST’ a positive sign of growth for SCM"},"content":{"rendered":"\t\t
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To make the taxation policy firm and\nclear, the Government is planning to announce Goods service Tax (GST) most\nlikely from 2010. Varied service providers have various perspectives regarding\nthis new taxation policy of the government.  Mr. Monish\nBhalla, CMD, Easy Tax O Legal Services (I) Pvt Ltd<\/strong> evaluated\nthe logistics sector and recognized this new policy to be  a path breaking\nstrategy with respect to indirect taxation.<\/o:p><\/span><\/p>

In a response with Mr. Vineet\nKanaujia, GM – Marketing, Safexpress<\/strong>, it has been stated that\nthe Government\u2019s decision of introducing GST<\/strong> from the next year will help in\npropelling the growth of Supply Chain & Logistics Sector, it being the\nresult of our request to the Government to introduce a Uniform Tax Structure\nacross the country to simplify the Government procedures with respect to\nmovement of goods. The Dual\nGST<\/span><\/strong> structure in India \u2013 Central GST and State GST will ensure\na higher involvement from the states. <\/o:p><\/span><\/p>

Introduction of GST will play a very\nimportant role in the growth of the Warehousing business in India. It will\nenable the manufacturers to manage Distribution Centers (DCs) across India from\nvery few strategic locations. At present, to save on Central Sales Tax (CST),\nmanufacturers have to maintain warehouses at multiple locations to show the\nmovement of goods from one company warehouse to another. However, with the\nimplementation of GST and phasing out of CST by April 2010, manufacturers will\nreadily outsource their Warehousing requirements to the Third Party Logistics\nService Provider. This will not only help the manufacturers to save costs, but\nthey will also be able to focus on their core business.<\/o:p><\/span><\/p>

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Moreover, in this budget the Government\nhas initiated a uniform Service Tax for all the modes of transportation in the\nSupply Chain Sector. Till now, Service tax was levied only on Road and Air\nCargo. However, Railway and Coastal Cargo are also being brought under the\nService Tax ambit. This will bring further uniformity in Taxation across the\nentire Supply Chain & Logistics sector. Further, the structure of our Economy\nhas changed radically over the last few years with Service sector now\ncontributing over 50% to India’s GDP. Our Economy is heavily dependent on the\nService sector for growth, and the livelihood of millions of people depends on\nthis sector. Therefore, the Government\u2019s initiatives towards strengthening the\nService sector further in this Budget are appreciable. It was also expected\nthat the Government would increase Service Tax in this budget. However, there\nhas been no hike in Service Tax, which has been maintained at 10.3% vis-a-vis\n12.36% in the previous year. This will definitely aid the continuous growth of\nService sector in India.<\/o:p><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

To make the taxation policy firm and clear, the Government is planning to announce Goods service Tax (GST) most likely from 2010. Varied service providers have various perspectives […]<\/p>\n","protected":false},"author":1,"featured_media":576,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"disabled","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gst"],"uagb_featured_image_src":{"full":["https:\/\/taxolegal.com\/gstblog\/wp-content\/uploads\/2021\/10\/gstin20210118144318.jpeg",1000,600,false],"thumbnail":["https:\/\/taxolegal.com\/gstblog\/wp-content\/uploads\/2021\/10\/gstin20210118144318.jpeg",150,90,false],"medium":["https:\/\/taxolegal.com\/gstblog\/wp-content\/uploads\/2021\/10\/gstin20210118144318.jpeg",300,180,false],"medium_large":["https:\/\/taxolegal.com\/gstblog\/wp-content\/uploads\/2021\/10\/gstin20210118144318.jpeg",768,461,false],"large":["https:\/\/taxolegal.com\/gstblog\/wp-content\/uploads\/2021\/10\/gstin20210118144318.jpeg",1000,600,false],"1536x1536":["https:\/\/taxolegal.com\/gstblog\/wp-content\/uploads\/2021\/10\/gstin20210118144318.jpeg",1000,600,false],"2048x2048":["https:\/\/taxolegal.com\/gstblog\/wp-content\/uploads\/2021\/10\/gstin20210118144318.jpeg",1000,600,false]},"uagb_author_info":{"display_name":"admin","author_link":"https:\/\/taxolegal.com\/gstblog\/index.php\/author\/taxol_amyas2u3\/"},"uagb_comment_info":0,"uagb_excerpt":"To make the taxation policy firm and clear, the Government is planning to announce Goods service Tax (GST) most likely from 2010. Varied service providers have various perspectives […]","_links":{"self":[{"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/posts\/1427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/comments?post=1427"}],"version-history":[{"count":4,"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/posts\/1427\/revisions"}],"predecessor-version":[{"id":1431,"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/posts\/1427\/revisions\/1431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/media\/576"}],"wp:attachment":[{"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/media?parent=1427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/categories?post=1427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxolegal.com\/gstblog\/index.php\/wp-json\/wp\/v2\/tags?post=1427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}