Industry expects a boost if GST gets implemented: Patel Integrated Logistics

Areef Patel, Vice Chairman, Patel Integrated Logistics, informs, “Operating costs will be lowered considerably and the logistics industry will get a significant boost if GST is implemented on schedule this year. A uniform tax structure and the creation of a one nation one tax regime will lead to seamless movement of goods and services from one state to another. With the subsuming of several taxes into one common tax structure, there will be no lengthy paperwork at state trucking points and long winding queues will become a thing of the past. There will be a huge rationalisation of expenditure as logistics players will be in a position to optimise their warehousing needs and restructure their infrastructure strategies. However, it needs to be mentioned here that a single registration mechanism needs to be facilitated by the government for the logistics sector like the insurance and banking sector.”