With GST on the threshold of being implemented and government's interest to bring in investments in e-governance and infrastructure projects through public private partnerships (PPPs), this has been a fairly good year for the logistics industry.
Going forward, a 25-28 per cent growth is envisaged in the cold storage industry. Even so, it will be a while before prices are arrested, exports of cold storage commodities take off, and indeed, before a heady rush of private participation is a reality, say the industryâ€™s practitioners and best experts.
Service tax exemption of 25 per cent from taxable value is being provided to services of transport of coastal goods and goods transported through national waterways or inland water with no CENVAT credit of taxes paid on inputs, input services and capital goods. The effective service tax rate is 7.725 per cent.