India is still halfway from realizing GST’s full potential

A typical long-haul commercial truck used to cover about 225km a day on average prior to July 2017 and spend a fifth of its run time at inter-state border check posts. After these check posts were dismantled in July 2017, when India replaced 17 central and state taxes with a  goods and services tax (GST), the logistics industry emerged as a clear winner. Logistics cost, which used to account…