Increase in import duty on books: Twitter reaction
The new budget presented by Nirmala Sitaraman, the Finance Minister of India, puts 5 per cent import duty on books.
“Books are the quietest and most constant of friends; they are the most accessible and wisest of counselors, and the most patient of teachers.” Charles W. Eliot.
Books provide much more than just knowledge and information. The new budget presented by Nirmala Sitaraman, the Finance Minister of India, puts 5 per cent import duty on books. Twitter users are furious about it and we have compiled a list of tweets on the reactions from them:
"To encourage domestic publishing and printing industry, 5 percent customs duty is being imposed on imported books" Really?! To buy some kids books, I need to rethink now. Instead, why not reduce the tax for the local publishing and printing industry?! #budget2019— Sharmilla Devraj (@musingsandme) July 5, 2019
Can anyone explain to me the rationale of imposing duty on Books?— हम भारत के लोग (@India_Policy) July 6, 2019
What was the @nsitharaman thinking? Where does this mindset of doing ungli here, ungli there comes from?
Cant we have a stable tax regime? Why does it have to be tinkered a thousand times? https://t.co/RG97Tt2E3d
Why is government implementing import duty on books?
If we cut a long story short, GST is to blame. Why? Because, there is no GST applied on books. But publishers have to pay GST on the printing and royalties of the books. This situation has put the publishing sector in a tight spot and the government wants to help it by imposing import duty on books. Is this the only way help publishers?
PM Narendra Modi, during his recent Mann Ki Baat episode, said " In this digital era of Google guru, I request to you - please devote some time for reading. You will love this exercise. I urge you all to talk about the books you read on the 'Narendra Modi Mobile App.' Let us have discussions on the books we read and why we liked them,".