There is no decline in the cargo container business after implementation of Goods and Services Tax (GST) from 1st July, 2017. The details of loading on originating basis in containers are as under:
Details of Container loading on originating basis (in Million Tonnes):
(in MT)
FY 2016-17 | FY 2017-18 | +/- |
47.60 | 54.31 | + 6.71 |
(in MT)
July 2016-March 2017 | July 2017 – March 2018 | +/- |
35.93 | 41.23 | + 5.30 |
Ministry of Finance as well as NITI Aayog has been requested to consider uniform levy of GST on Rail Container traffic at par with road container traffic. Service of Goods Transport Agency (GTA) for transport of goods by road are taxed uniformly @ 5% GST with no Input Tax Credit (ITC).
This information was given by the Minister of State of Railways Shri Rajen Gohain in a written reply to a question in Lok Sabha today.
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SVS/MKV