You are here: Home » Economy & Policy » News » GST
Business Standard

Logistics to gain most from GST: Nitin Gadkari

He said that logistics parks are being set up at various places across the country to act as freight

Press Trust of India  |  New Delhi 

Nitin Gadkari
Nitin Gadkari

India's sector stands to gain the most under the regime as will dip by almost 20 per cent, Union Minister said on Wednesday.

“India’s sector would gain the most from the Goods and Services tax (GST) as would fall by almost 20 per cent,” Road Transport and Highways Minister Gadkari said.

He said that parks are being set up at various places across the country to act as aggregation and distribution hubs.

"These parks will enable long haul movement between hubs on larger sized trucks, rail and waterways. This will not only reduce transportation costs, but also throw open many employment opportunities and reduce pollution levels," he said and added that investments worth Rs 2 lakh crore were committed at a recent event.

As per a statement from the Ministry of Road Transport and Highways, the transport sector stands to benefit from the recently rolled out in several ways.

Pre-GST, the complex tax structure and paperwork forced the transport industry to spend a lot of resources on tax compliance and deposit of inter-state sales tax, it said.

Monitoring and collection of sales tax at inter-state check posts led to major traffic congestion at these points, resulting in slower movement of and passenger, and consequently higher and pollution, it said.

First Published: Thu, July 27 2017. 01:18 IST