Not so much to cheer for lo­gis­tics

Cargo Talk - - Budget -

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.

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