Uniform tax regime will play a crucial role in next level of growth enabling the country to realize its potential as a global trading hub. Progress in overall logistics sector from the perspective of trade would be pivotal in determining the success of ‘Make in India’ campaign launched by Government of India.
Thus, GST will unleash a new era for logistics sector in the country as the regulatory reforms proposed in the GST bill creates an opportunity to re-engineer logistics, transportation networks and design innovative supply chain models for reducing cost and increasing efficiency. However, for now, GST remains to be a mirage.
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Ashwathej Purushothaman is from Kochi and is currently studying at Jindal Global Business School, Delhi.
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