Industry Quote on GST Inputs by Kamal Gupta Managing Director, India for Brand Folio LLC

Footwear below Rs. 500 however will be taxed at 5% while all others will be in the 18% tax bracket.

New Delhi, Delhi, June 28, 2017 /India PRwire/ -- GST is a powerful tax reform that provides relief from the issue of multiple indirect taxes, simplifies inter state movement of goods and provides clarity and transparency to the system.​ ​Footwear below Rs. 500 however will be taxed at 5% while all others will be in the 18% tax bracket. No tax system should be partial to cheaper products, rather a one tax for one commodity route should have been taken to promote consumers to opt for high quality products that bring value for money.

Import of footwear under GST will also give a tough competition to local manufacturers. What stands to be seen is how well it is implemented. Rushing its application before the masses and businesses are properly informed will only delay its desired results​.

Brand Folio LLCBrand Folio LLC is the regional distributor for SKECHERS in the Middle East, Africa, and the CIS. The company took over distribution in the Middle East in 1997 when sales were a mere 11,600 pairs annually. Through branding and marketing expertise along with in-depth understanding of the local market, sales have grown to over six million pairs annually. Brand Folio has received the Superbrands award for excellence in the UAE and KSA for the last four years. This momentum has propelled SKECHERS to becoming the top footwear brand in the Middle East, even ahead of worldwide leaders in the industry. The company focuses on leveraging the operational infrastructure of SKECHERS, whilst also adapting to the specific needs of local markets. The aim is not to simply be a purveyor of product, but to reinforce and promote the image of SKECHERS as a footwear brand that people come to for every aspect of life.

Currently Brand Folio is aggressively expanding in the Middle East, as well as some of the markets in Africa and the CIS. The company is making a big push into the African market by building new stores throughout the continent and advertising heavily to foster brand awareness. The goal is to create a similar trajectory in these newly acquired regions as what was done in the Middle East over the past 18 years.

Notes to Editor

About the Group

Brand Folio LLC Brand Folio LLC is the regional distributor for SKECHERS in the Middle East, Africa, and the CIS. The company took over distribution in the Middle East in 1997 when sales were a mere 11,600 pairs annually. Through branding and marketing expertise along with in-depth understanding of the local market, sales have grown to over six million pairs annually. Brand Folio has received the Superbrands award for excellence in the UAE and KSA for the last four years. This momentum has propelled SKECHERS to becoming the top footwear brand in the Middle East, even ahead of worldwide leaders in the industry. The company focuses on leveraging the operational infrastructure of SKECHERS, whilst also adapting to the specific needs of local markets. The aim is not to simply be a purveyor of product, but to reinforce and promote the image of SKECHERS as a footwear brand that people come to for every aspect of life.

Currently Brand Folio is aggressively expanding in the Middle East, as well as some of the markets in Africa and the CIS. The company is making a big push into the African market by building new stores throughout the continent and advertising heavily to foster brand awareness. The goal is to create a similar trajectory in these newly acquired regions as what was done in the Middle East over the past 18 years.

Journalists and Bloggers
Visit India PRwire for Journalists for releases, photos, email alerts and customized feeds just for Media.

If you have any query regarding information in the press releases, please contact the company listed in the press release itself. Please do not call India PRwire, we will be unable to assist you with your inquiry.