The Changing Landscape of E-Way Bills on Logistics
Since past couple of years, the logistics industry has been in limelight and is undergoing the significant transformation to account for various reform initiatives and policy changes. The most prominent reforms included in the introduction of GST have rolled out of –Waybill and the logistics sectors have been granted as infrastructure status. The revenues in Q3FY18 were up to 24.3% at Rs 555.3 crores vs. Rs 446.7 crores in Q3FY17. The Transportation Corporation of India had an extremely good third quarter as the seaways division performance was overwhelmed. According to the researchers, TCI said that the seaways division performed well due to the addition of ships. Whenever a new ship is added, the revenue growth rises up and so, the objective that becomes a plus point for them is to add ships every 18 months. Therefore, the margins for the seaways division continue to be about 25-30%. Since, the platform operated by the government is good to go for small firms that accounts fo...