The Logistics Sector Skill Council (LSC) trains candidates at the entry level for the warehousing sub sector. Training is done on specific job roles such as pickers/ packers/ binning /kitting/labelling and forklift and reach truck operators, and warehouse supervisors i.e., an Ă´outcomeĂ´ based training, which ensures candidates are job ready from day one.
Tag: GST
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The warehousing sector is going to experience a sea change in its structure
With the total warehousing space requirement in the countryĂ´s top seven markets expected to grow from 621 mn sq ft in 2016 to 839 mn sq ft by 2020, the warehousing sector has shown tremendous traction in the past couple of years. Further, investment in warehousing can provide an opportunity of realising returns in the range of 10-24 per cent per annum.
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GST will help companies reduce logistics costs by up to 1.5percent
According to me every move has an advantage and a disadvantage. The business success depends on the ability of a company to factor in variables and continue to stand firm.
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GST will reduce the share of the unorganised sector in warehousing
The GST is a value-added tax that will replace all other indirect taxes in India. One purpose of the GST is to make taxes Ă´destinationĂ´ based rather than origin based, or Ă´efficiencyĂ´ based rather than Ă´regulationĂ´ based.
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The impact of GST could lead to reduction of 5percent in overall logistical costs
The expected implementation of GST will boost the demand for warehousing, 3PL solutions and multimodal services, areas where TCI has a strong market presence.
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GST is the tax system of the 21st century
The most important thing is to view it as a historic opportunity. It is the first major economy-related reform of the Constitution that has happened. It is also an opportunity to create a 21st century tax system.
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Tax on cement should be brought down
GST is likely to be introduced from April 1, 2017. Implementation of GST would have huge impact on Corporate India, including the infrastructure industry.
The impact assessment is dependent on various factors inter alia rate of tax, threshold limits, etc.
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GST implementation will ensure seamless credit availability
The most crucial tax reform since Independence, GST aims to iron out a multilayered indirect tax system and usher in a uniform tax structure. This development augurs well for the infrastructure sector.
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GST… WhatĂ´s in it for infra?
IndiaĂ´s ambitious infrastructure development plans hinge largely upon a successful transition from the current multiple taxes regime to the new uniform taxation code of the Goods and Services Tax (GST). Is the industry ready to meet the April 1, 2017 deadline? We do a status check...
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Many players have not yet started serious efforts to gear up for GST
The infrastructure industry has to gear up for the GST implementation considering significant changes in the proposed tax structure for this sector.