Rama Kr­ishna S Man­ag­ing Di­rec­tor, Balaji Mar­i­line

Cargo Talk - - Budget -

We ex­pect a pro­gres­sive bud­get for many rea­sons. The first and fore­most be­ing a ser­vice in­dus­try, has con­trib­uted im­mensely to the ex­che­quer by way of ser­vice tax.

Now un­der the GST regime, the con­tri­bu­tion would be much more espe­cially with the un­hin­dered credit that is be­ing trans­ferred with ev­ery trans­ac­tion which is a very pos­i­tive. The am­bi­gu­ity of ser­vice tax also gets nul­li­fied.

The gov­ern­ment saw the rea­sons for nul­li­fy­ing the GST on freight for both im­ports and ex­ports both by sea and air which again is a pos­i­tive sign of pro­gres­sive­ness and de­vel­op­ment. One big fac­tor is that the cargo in­dus­try is pre­dom­i­nantly a MSME sec­tor that em­ploys great num­ber of peo­ple. Lo­gis­tics be­ing the main forte for any econ­omy is recog­nised by the gov­ern­ment through the ap­point­ment of a spe­cial sec­re­tary in Min­istry of Com­merce. This in it­self is an in­di­ca­tion of recog­ni­tion for lo­gis­tics sec­tor.

We as a lo­gis­ti­cians, ex­pect that the bud­get would give ben­e­fit to MSME sec­tor which in turn would ben­e­fit us largely. Se­condly, both the gov­ern­ment and pri­vate sec­tor con­trib­uted im­mensely in ease of do­ing busi­ness which jumped the in­dus­try rank­ing from 146 to 100, which is phe­nom­e­nal.

Ex­pec­ta­tions: Ben­e­fit for MSME sec­tor.

De­crease in rate of in­ter­est for in­fra­struc­ture like ware­hous­ing, cap­i­tal goods for lo­gis­tics sec­tor.

Over­all re­duc­tion in cor­po­rate tax to en­large the bas­ket of tax­a­tion.

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