iVOOMi, a Chinese electronic company which has recently entered in Indian Smartphone Industry.
Mr. Ashwin, CEO, iVOOMi on the impact of GST on e-Commerce and Mobile Phone Industry. “We see GST to bring in long term positive impacts in the smart phone fraternity and the e-commerce zone as well. Though there will be an increase in the prices for a short term casuing discomfort to everyone, nonetheless, the far sighted impact of GST will remain positive for us.The present GST rules implicated business traders to involve in inefficient and prolonged systems. This prevented them from focusing on the right path to grow their trades. However, with current GST rules, the trade will definitely mature with implementations like – refund of duty, coming into execution, which did not exist in the current GST model.
The simplicity to trade across geographic boundaries will be catered to more effectively, thereby making it possible for every businessman to follow relatively robust, less cumbersome and seamless system to follow. Hence, to sum it up, iVOOMi sees, the later as a positive augmentation to the way trade will take place.”