PC maker, Lenovo, is expecting a five per cent increase in business after the implementation of GST which will now require even small traders to file I-T returns thrice a month, the company's top executive has said.
Rahul Agarwal , CEO, Lenovo India, said, "The computer industry is the only one which has a dual impact of GST which perhaps no other industry can talk about. Currently, the belief is that a lot of the small traders will need to buy a PC to file their returns, because they have to do it thrice a month, and they have never bought a PC before."
The company has tied up with accounting software firms to provide GST software bundled with Lenovo PCs.
According to Agarwal, the market for PCs, tablets and laptops has not really grown in the last 3-4 years but with GST coming in, there is optimism in the industry that around 4-5 million mid size traders may consider buying PC as well as accounting softwares.
Agrawal said, "There are rough estimates that we will have a market expansion between 1 lakh and 2 lakh units till March and we would want one-third of it coming to Lenovo's bucket. The percentage growth from the overall point of view could be between 3-5 per cent on account of GST."
He said, "The market has not grown in last three years so nobody is looking at hyper growth."