Amidst the challenges in the E-Sale, unethical business models, new-age business ventures, we are getting positive vibes towards the hardware industry. A recent gartner study tells that with the emerging technologies in the IoT space, there will be more spends by their companies in the hardware space. Also, the announcements by certain state governments in India on making entry-tax compulsory for all the IT product is yet another good-to-hear information for us.
Gujarat Governent has recently levied an entry tax in Gujarat for the products purchased online. Meanwhile, e-commerce giant Flipkart sued the Uttarakhand government for the levying entry tax. Selling goods to various states is increasingly getting difficult for Indian e-commerce companies as more states are thinking of levying the 10% entry tax, said an ET report.
Currently, Uttarakhand, Bihar and Assam charge a 10% entry tax on goods bought online and coming into the state from outside. This tax is billed to the courier company, the cost of which will eventually be passed on to the customer.
This issue, on the association side, we have Mumbai-based ASIRT planning to form a legal cell and expand their operations across India. The other leading association TAIT has also conducted knowledge series for their members.
We also have some Vendor-related major announcements from born-in-India, Tally solutions, winning their 1 millionth customer and Epson projectors had retained their leading position in the Indian market. We also have security brand F-Secure enjoying a decade in e-protecting Malaysia.