Getting book industry and GST experts together

Getting book industry and GST experts together
Moments from previous editions of Jumpstart

The publishing and printing industry is in a state of dilemma with the new tax structure affecting businesses. The German Book Office (GBO) in New Delhi wants an end to the GST conundrum and is getting the book industry and GST experts together for some solid brainstorming and problem-solving at this year’s Jumpstart, which has a lot in store for stakeholders. Called the GST Roundtable, the event which is to be held on 4 August 2017, will have the finest experts from the industry to deliberate on the matter, on which a lot still needs to be said and done.

In the backdrop of the 9th edition of the Annual Congress of Children’s content at Jumpstart, German Book Office is organizing the round-table on GST. In view of the current GST regime, publishers and printers have many questions about the taxation purview. With so many differing views on the newly implemented taxation laws, there are bound to be some problems during filing of returns. What needs to be seen is whether the tax officials will be lenient for the next few months or penalize businesses for unintended errors.

Decoding GST: The Jumpstart Round Table
This is an open round-table especially designed for clarifications on the matter of GST, to be held at the Seminar Hall, 1st Floor, India International Centre, New Wing. It will be moderated by Jaya Bhattacharji Rose, an international publishing consultant. The experts on the panel are Sanjay Garg, partner – Indirect Tax, KPMG India and Sujit Ghosh, partner at Advaita Legal. The round-table will center round the agenda ‘Book publishing and printing – GST Do’s & Don’ts.’ The round-table will be particularly helpful for printers, publishers, authors and publishing professionals.

Stakeholders interested in participating in this open house discussion can find more details at Jumpstart 2017. The event will take place on 4 August 2017, between 4 p.m. and 6 p.m. at India International Centre, New Delhi.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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