GST Hopes Add Wings To Logistics Companies

Shares of logistics companies rallied on Thursday after the government cleared substantial changes to the proposed Goods and Services Tax (GST) bill in a bid to get the crucial reform cleared in the Rajya Sabha. The Cabinet on Wednesday cancelled a 1 per cent inter-state tax for states that manufacture goods, which is likely to assuage the Congress party that had objected to it. "The decision to do away with the 1 per cent tax prop...