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Budget wish list from logistics sector: digitisation, fuel under GST, some tax tweaks

Clauses regarding TDS
Meanwhile, the All India Motor Transport Congress (AIMTC) has asked for a favourable consideration on two clauses regarding tax deduction at source (TDS) for transporters, according to Kultaran Singh Atwal, President, AIMTC. Transport is a cash-heavy business, and transporters have to pay 2 per cent TDS on transactions of over ₹1 crore. So, they would like to be exempted from this, like agriculture produce marketing companies.
Also, a lot of customers of transporters deduct 2 per cent tax at source and do not pass it on to government, which means transporters cannot even claim such refunds, explained Naveen Gupta, Secretary General. AIMTC, adding that refunds are received after almost three years, which blocks working capital. A relaxation on this issue of “

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