Assessing position of the industries post the implementation of Goods and Services Tax (GST), industry body, the Federation of Indian Chambers of Commerce and Industry (FICCI) in its latest survey report stated that the new tax regime has had a positive impact on the logistics of businesses, with over 60% respondents indicated good transportation of goods in terms of check-posts. As per the survey report, over 50% of respondents highlighted that goods vehicles are no longer stopped and there is no checking at state borders, while 59% respondents were optimistic with transportation time reduction post GST implementation.
However, FICCI’s survey report highlighted the major issues being faced by the industry such as glitches in the Network (GSTN) portal, cumbersome procedures and cost of compliance. In the report, issues with the robustness and volume handling capacity of the GST portal were pointed out by all the respondents of the survey and expressed need for a major revamp of the portal, to make it more efficient.
The survey report further said that multiplicity of registrations remained a concern for services providers, as a separate registration is now required with every state where service is being provided. On the return filings, the survey respondents urged to make filing of returns simpler and added that there should also be a centralised registration for inter-state services.