The benefit of GST implementation is that we have come almost at par with those companies which used to import materials through different channels without paying customs duty. Since GST has become a part of the customs duty, we consider it a great move by the government.
With high GST tax slab of 28% on laptop batteries and power banks which are our common products, we find this as an issue because 28% is a very high slab, whereas the margin is between 5% and 8% for distributors and the complete network.
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