sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 Don’t invest in the names of multiple family members to avoid paying income tax
 Master Direction – Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – SCBs
 Tax on gifts? Always tax-free, if received from relativesa
 Notification No. 76/2018 – Customs Ministry Of Finance
 The only receipt that remains tax-exempt
 Central Goods and Services Tax (Eleventh Amendment) Rules, 2018
 Know how you can save tax on capital gains
 CBDT extends deadline Income tax return (ITR) filing
 Notification Ministry Of Finance
 Gifts from relatives are always tax-free
 Notification No. 85/2018 - Customs (N.T.) Central Board Of Indirect Taxes And Customs

Service tax on rent a concern
March, 05th 2007
The service tax on rent on the immovable properties may have a indirect impact on the logistics costs, according to Vineet Agarwal, executive director of the Transport Corporation of India (TCI). 
 
Agarwal said that in order to achieve a GDP growth of 9.2 per cent and sustain the 11 per cent growth in the manufacturing sector, greater focus on development of infrastructure, especially of roads and highways and warehousing, was needed, as these formed the backbone for any industry. 
 
The TCI director welcomed the announcement of the increased outlay for the National Highway Development Programme (NHDP), but with a note of caution. "The thrust should be on the development of access-controlled expressways as these have a multiplier effect on the entire economy. Apart from saving on time, the expressways facilitate the usage of multi axle vehicles, which save diesel consumption and are more environment friendly", he commented. 
 
He said that link roads with express highways too needed to be developed to ensure minimisation of choke points. 
 
According to him, these initiatives were imperative in view of the fact that 65 per cent of freight was transported by road. 
 
Agarwal said corridors with high density of traffic had to be upgraded to six or eight lanes to deliver the benefits in terms of costs and time that logistics users were expecting. 
 
Also, he called for changes in rules that would allow much better use of assets. 
 
For example, separate registration numbers for the engine unit and towed unit or trailer in articulated trucks would allow a single engine unit to be used to handled multiple towed units or trailers. Acute congestion at ports at present meant that hundred of such trailer-trucks were stuck there for days because rules did not permit the engine unit to be disengaged and reused to handled other trailer units. 
 
If this rule was amended, parked trailers at ports could be handled by one or two engine units while the balance engine units could be used to haul cargo elsewhere. 
 
In parallel, there was need for demarcation of areas for activities relating to warehousing and for logistics parks on the lines of SEZs. There should be incentives for building vertical modern warehouses as they ensured better land utilisation, he pointed out. 
 
He welcomed the announcement of the gradual shift to the GST regime. "The government should expedite the shift to a national level Goods and Service tax (GST) as this would result in efficient movement and distribution of goods across the country, help in setting up setting large regional warehouses and ensure better control on pricing", he commented. "By providing the roadmap for the adoption of the GST, companies would be able to plan and manage their operations more effectively," he added.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions