Relocation industry is officially the world’s fastest growing major economy in the world, however, In India, there is still a lot of discrepancy in our sector especially in consideration of GST. Some companies charge 5 % some 12% and some 18 %. There should be a defined GST slab for all the players.
I would also strongly recommend that the GST should be payable only on receivable and not on invoicing as it puts a burden on SME “s where GST is advance payment and there is TDS which leaves us with a big investment and leads to cash crunch.
Rajeev Bhargava is Managing Director of PMRelocations
(Published 04 July 2019, 13:43 IST)
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