New Delhi: Logistics stocks on Thursday went up by up to 5% as Goods and Services Tax (GST) regime came a step closer to meet its 1 July rollout target, with the Lok Sabha approving four supplementary legislations.
Arshiya Ltd surged 4.98%, Blue Dart Express jumped 4.24%, Allcargo Logistics (3.28%), VRL Logistics (2.08%) and TCI Express (0.83%) on BSE.
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The Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017 were passed after negation of a host of amendments moved by the opposition parties.
Touted as the biggest taxation reform since Independence, GST will subsume central excise, service tax, VAT and other local levies to create an uniform market.
