Not so much to cheer for logistics
Mohit Goyal, India Cargo Award winner 2017 & Director, TKW Management Solutions, says, “Firstly there weren’t too many SOPs directly benefiting our trade and so there isn’t much to cheer about for logistics industry. Even indirect taxes announced in-form of extra duty levies on mobile phone and TV are platonic on surface, but underneath the idea is to please those who have invested in manufacturing setup over last two to three years. I am a bit disappointed as the tax environment is still not competitive.” “On one hand, MSME tax is reduced to 25 per cent which is welcomed, but, on the other cess is increased. Also, our Finance Minister had earlier promised to do away with all cess and other such levies but that still hasn’t been the case,” he adds.