Fuel cess, TDS on large cash payouts to cripple truckers: Industry body

A national truckers body has accused the Modi government of trying to destroy them given the Budget proposals to impose Re 1 cess on diesel and 2 per cent TDS on cash withdrawals of over Rs 1 crore.

The All-India Motor Transport Congress also alleged that there is a move to make way for foreign players into the industry through such moves.

“The hike of Re 1 in diesel cess (and on petrol) and levy of 2 per cent TDS (tax deducted at source) on withdrawal of cash of over Rs 1 crore in a year will further cripple the transport sector. The transport sector is cash-based and has already been reeling under many other issues,” the chairman of its core committee Bal Malkit Singh said.