Jun 22 2017 | India Opportunities

Assocham request GST exemption for transportation sector

Industry body Assocham has submitted a note to the finance ministry and requested exemption for Infrastructure and transportation sector like road and railway whose projects witness long gestation period and negative returns. To avoid accumulation of input tax credit with the contractors, Assocham advocates a similar exemption of GST on direct procurements made by the contractors for such projects.