Cargo Breaking News
Rajesh Neelakanta, ED & CEO, BVC Logistics, expects removal of service tax and GST later on warehouse rental charges. Tax sops for setting up warehouse infrastructure in semi-urban and rural areas on NA plots is anticipated. “Better depreciation benefits for capex spend in warehouses, including for the construction and installation of equipment including material handling equipment,” requests Neelakanta.
“Skill India programme needs to be addressed on a war-footing by way of sops to the training and skill development organisations to continue their training programme and motivate others to join in the logistics and supply chain industry,” he suggests.
Not to forget, fuel costs is a major component of operating costs in the logistics industry. A rational levy of duties/taxes is the need of the hour. Private ports’ tariff structures – are not supporting industry growth owing to a much higher tariff in relation of Major ports. Expectation is to bring these under TAMP. This will help in reducing the logistics transaction costs.
