Friday, Dec 09, 2022 | Last Update : 07:56 AM IST

  Business   Economy  10 Jul 2017  GST saves transportation time, cost, says Assocham

GST saves transportation time, cost, says Assocham

PTI
Published : Jul 10, 2017, 8:41 pm IST
Updated : Jul 10, 2017, 8:41 pm IST

GST is saving trucking time on trunk routes, connecting top cities, besides saving fleet owners Rs 5,000-7,500 per trip.

Implementation of GST is helping heavy vehicles save substantial transportation time and cost said Assocham. (Representational Image)
 Implementation of GST is helping heavy vehicles save substantial transportation time and cost said Assocham. (Representational Image)

New Delhi: Implementation of Goods and Services Tax (GST) is helping heavy vehicles save substantial transportation time and cost despite some teething troubles, industry body Assocham said today.

"Notwithstanding some teething troubles, the GST is saving trucking time on trunk routes, connecting top cities, between 24-36 hours besides saving the fleet owners Rs 5,000-7,500 per trip," it said in a statement.

Post-GST, most of the states have dismantled octroi and sales tax/VAT check posts, it said. It has come as a big relief for the transporters as the ultimate advantage is accruing to the customers and to the trade and manufacturing value supply chain, the chamber said.

Improvement in freight movement through road and rail would not only result in a huge cost saving for the trade and industry but would take India quite high on the global index of ease of doing business, it added.

Tags: gst, assocham, transporation, traders
Location: India, Maharashtra, Mumbai (Bombay)