HELLO_GST

GST Impact on Logistic Sector in India

GST Impact on Logistic Sector With the introduction of the Goods and Services Tax (GST) from July 1, 2017, inter-state transportation of goods would become more efficient. And among all, the logistics sector, comprising inbound and outbound segments of manufacturing and services supply chains, is likely to get the much-needed boost. Logistics companies in India…

GST – Road to efficient logistics

GST Impact on Logistics Companies

Let’s understand the GST Impact on Logistics Companies: Author: Mr. Venkat Reddy B. – AVP Strategy, Biz Analyst & Audit – NWCC LLP The unified tax regime, that is, GST is coming into effect from 1st July 2017. GST will bring about some significant but welcome changes, especially for logistics sector. NWCC is tuned up to…

Supply chain

What is the future of logistics and supply chain in India?

Future of logistics and supply chain in India. Since the liberalization of the Indian Economy in the early 90s, India has been pegged to become a global power. Since then, significant developments in technology, talent development, and infrastructure have meant that India has grown into a world leader in multiple fields. Supply Chain was not…

IITLS-2017

News from India Integrated Transport & Logistics Summit- IITLS-2017

News from India Integrated Transport & Logistics Summit- IITLS-2017 : NWCC recently participated in the India Integrated Transport & Logistics Summit 2017. IITLS took place at the plush lawns adjoining Rajpath, behind Vigyan Bhawan, New Delhi. The 3-day Summit wich started on 3rd May 2017 was attended by around 3000 delegates from India and abroad,…

GST – Road to efficient logistics

GST – Road to efficient logistics

by Ravi Kaul I April 20 I Road to efficient logistics India sets a benchmark in providing the low-cost services by and large in every field. Still, India has higher logistics cost due to various factors and challenges faced by the industry. Our country is vast and complex, and a complex tax structure has governed…

GST Tax implimentation

GST impact on Warehousing

GST impact on Warehousing in India In India, there has been no uniform and easy to implement taxation policy in place across various supply chains. Consequently, the distribution as well as warehousing strategies are tax oriented which restricts effective utilization of available resources. As we have seen, companies build warehouses in each state to evade…

Impact of GST on FMCG Sector

Impact of GST on FMCG Sector

Impact of GST on FMCG Sector The most visible impact of GST would be on the warehousing strategy of FMCG companies. The 3 lakh crore Fast Moving Consumer Goods (FMCG) industry in India is one of the major contributor to the state exchequer in excess of Rs 40,000 Crores. GST is the biggest tax reform…

Budget 2017

Budget 2017: India’s logistics sector expects timely implementation of GST

Logistics sectors primary expectation from Budget 2017 is timely implementation of GST and Infrastructure Development in Special Economic Zones.   The Budget of 2017 has highlighted infrastructure development as a focus area. This covers highways, rural roads, and railways. These investments, aimed at improving connectivity through a multi-modal network, will not only have a beneficial…

logistics-banner

Impact of GST on Indian economy

Impact of GST on Indian economy : The introduction of Goods and Service Tax (GST) in India is now on the horizon. The Constitution Amendment Bill to replace existing multiple indirect taxes by uniform GST across India is likely to be taken up for voting in Rajya Sabha during this week. Lok Sabha has already…

Inventory Management

Inventory Management Techniques that will Save You Money

Inventory Management Techniques that will save you money   Some of the most important techniques of inventory control system are: Setting up of various stock levels. Preparations of inventory budgets. Maintaining perpetual inventory system. Establishing proper purchase procedures. Inventory turnover ratios. Always Better Control (ABC analysis).  Setting up of various stock levels: To avoid over-stocking…