Overall market grown by 20% after GST
Rajesh Goenka, Vice President, Sales and Marketing, Rashi Peripherals
Overall, post GST things have been very positive because of couple of reasons. First, pre GST the inventory level for the entire quarter had gone down. So, the moment GST was launched, everyone started to buy and as a result we saw upswing in the business especially in July, August, September. So from business perspective it was good. Second, because of the GST compliance regulation, lot of awareness has got incorporated in businesses where they are buying computers which resulted in increase of PC demand. We think this is going to be a sustainable business opportunity in a near long term scenario subject to economic conditions of India remains the same or better. The only flip side of GST is the accounting process where the amount of effort that is required is enormous. We have double up our power in accounts and finance team. So those compliance issues are there but from business point of view GST has been good and we think that it is positive and will further improve.
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