GST to be a game changer for organised footwear industry: Liberty Shoes

Under the goods and services tax (GST) regime, footwear which is priced below Rs 500 per unit will be taxed at 5 percent and footwear above Rs 500 mark would be taxed at 18 percent.

In an interview to CNBC-TV18, Ramesh Kumar Dua, MD of Relaxo Footwears and Adesh Gupta, CEO of Liberty Shoes shared their views on the GST.

Will take two-three months to find the actual rate impact of GST, said Dua.

Liberty's Gupta said that GST is going to be a game changer for the entire Indian economy and particularly for the footwear industry.