Mr. Shalin Gandhi, Managing Director, SUBMARINE PENS
“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 labor-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 the reduction of taxes. It should emphasize the measure of ease of doing business and contribute to long-term growth. Supportive policies, simplified regulations, and simple GST norms can aid in the development of the sector”.