Mr. Shalin Gandhi, Managing Director, SUBMARINE PENS said, “Even in the high-tech era of computers, smartphones, and e-mails that we live in today, writing instruments continue to retain their value as a crucial communication tool. The writing instrument market is expanding steadily month over month, propelled by aggressive pricing and cutting-edge products.
A GST of 12% would be a good move because manufacturers of pens particularly metal pens are also generating a significant amount of employment prospects as the product is entirely labour-intensive since it is handmade.
Significantly, the tax on pens should be cut from 18% to 5% because schoolchildren and college students use them.
So the government should look at strengthening the ecosystem for writing instrument players with a focus on reduction of taxes. It should emphasize on the measure of ease of doing business and contribute to the long term growth. Supportive policies, simplified regulations, simple GST norms can aid in the development of the sector”.
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