With the Modi Government hoping to pass the Goods and Services Tax (GST) bill in Parliament’s budget session, transportation and logistics companies are preparing for changes in their operations. Industry experts feel GST will not only make them more efficient, but also reduce their actual requirement for commercial vehicles.The GST is expected to be implemented by fiscal 2016-17 and is aimed at reducing multiple taxes. Inter-state sales transaction will become tax neutral and the whole country become one single common market without any state borders.

Source - http://www.thehindubusinessline.com