GST has led to inequity in tax treatment of Indian shipping cos vs their foreign counterparts
At a time when the GST revenue collections have started showing signs of stability and the dust of the transitional hiccups have almost withered away, there are certain sectors which are still settling under the new tax regime. Shipping is one sector which has been impacted under this ‘One Tax, One Market’ era. Shipping industry in India can be classified into two segments – Good…