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BUZZ-India's logistics stocks gain ahead of GST council meet
October 18, 2016 / 4:11 AM / a year ago

BUZZ-India's logistics stocks gain ahead of GST council meet

** Shares in Indian logistics companies gain ahead of the Goods and Services Tax (GST) council meeting that begins later on Tuesday

** Gati Ltd jumps as much as 4.6 pct, Transport Corp of India Ltd gains 1.2 pct, VRL Logistics Ltd up 2.9 pct and Allcargo Logistics Ltd rises 3 pct

** The 3-day meeting will decide the main tax rate and those for different sectors

** GST, planned for April 2017, seeks to replace a slew of federal and state levies

** Lower tax rate and fast movement of goods and inventories will help logistics providers, say analysts (RM: aastha.agnihotri.thomsonreuters.com@reuters.net)

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