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Latest Updates

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India Gears Up for GST Roll-Out

We at P. M. Relocations are in a process of applying GST to all our invoices from 1st July 2017, our team would be making sure that this transition is done smoothly. Below are some points to be considered after 1st July 2017

  • We would be charging 18% GST from 1st July 2017
  • Also with effect from 1st July 2017 integrated goods and service tax (IGST) and GST Compensation Act would come into force.
  • Cargo arrived up to 30th June 2017 would not attract IGST and GST Compensation Cess even though the clearance may happen after 1st July 2017.
  • Importers may familiarize themselves with IGST and GST Compensation Cess rate scheduled and exemptions that are available on CBEC Website (www.cbec.gov.in)
  • New Bill of entry, shipping bill and courier import and export forms – both electronic and manual – are available on CBEC Website (www.cbec.gov.in)
  • Exports are zero – rated supplies under GST law. Exporter would be entitled to refund of IGST paid on exports or refund of accumulated input credit on inputs used towards exports. Refund of IGST for exports would be based on GSTIN declared in the shipping bill.
  • 100% exports oriented units would attract IGST on imports from 1st July 2017.

For more industry updates, please write to us at: marketing@pmrelocations.com

CEO, Aakanksha Bhargava, can be reached out more easily now!

Ms. Aakanksha Bhargava, CEO of P. M. Relocations, is now live on Social Media and on her Website. If you have any queries about Relocation or if you need an expert advice on packing and moving, you can now easily get in touch with her through Social Media.

You can reach her on Facebook(https://www.facebook.com/aakankshaofficial/), Twitter (https://twitter.com/aakanksha_85), Instagram (https://www.instagram.com/aakanksha_85/), and LinkedIn (https://www.linkedin.com/in/aakanksha-bhargava-107783b/)