July 20, 2017

Truck aggregators on track after crossing GST hump



office work and filling in tax returns close up
Copyright: mizar21984 / 123RF Stock Photo

Truck aggregators are warming up to the goods and services tax ( GST ) after hiccups slowed business in the first week of its implementation.

Aggregators including Blackbuck, Rivigo and Fr8 said orders have started to pick up again and believe that the new tax structure will have an overall positive impact on the logistics sector, especially since the removal of intercity check posts will reduce travel time.

“The movement had dampened in the initial days, so the faster movement of trucks could also be because of that,“ said Rajesh Yabaji, chief executive of Sands Capital Ventures-backed Blackbuck. “Howe ver, we’ve surveyed the truck owners on our platform and they believe that dismantling of check posts will help them cut one day off their six to seven days’ journey.”

Blackbuck, which has over 1,00,000 trucks on its platform serving more than 400 clients, used to face problems at checkpoints […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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