- Training programs being organized at various locations to generate awareness and provide expertise to SME businesses and the ecosystem prepare for this shift
- 76 suppliers covered in first two training sessions
New Delhi, May 22, 2017: As the Goods and Services Tax (GST) becomes all set to be rolled out from 1st July, moving to the new tax structure becomes a top priority in order to minimize disruptions in businesses. With the objective of supporting its small and medium-sized (SME) supplier partners become GST-ready, Walmart India has flagged off a series of workshops for SME supplier partners to help them evaluate their GST compliance levels and prepare for the transition.
Under this initiative, structured training programs on the various facets and nuances of GST have been completed in Ludhiana and Hyderabad which were attended by 76 supplier partners. Several such workshops are being planned in Delhi, UP and Central India over the next few days to enable our SME supplier partners achieve sustainable growth in the GST era.
Krish Iyer, President & CEO, Walmart India, said, "GST is not just a tax reform, it is a whole new way of doing business. With its impending implementation, it is imperative for all businesses, large and small, to get ready to embark on the GST adoption journey. At Walmart India, our teams are working diligently to be 100% GST ready in time and we remain committed to help our partners in the whole process for a win-win and smooth transition to the new tax regime. As a significant number of our supplier base constitutes of SME and regional suppliers, these workshops are expected to educate them and accelerate their preparation by providing them with a platform to answer queries and concerns. With the Customer at the heart of everything we do, this initiative will ultimately lead to a positive impact on the customer as we emerge with a streamlined process both at the back-end and the front-end.”
Walmart India currently operates 21 cash-and-carry stores in 9 states of India.
About Walmart India:
Wal-Mart India Private Limited is a wholly owned subsidiary of Walmart Stores Inc., the world’s leading retailer renowned for its efficiency and expertise in logistics, supply chain management and sourcing. Walmart India owns and operates 21 Best Price Modern Wholesale stores in 9 States across India and provides omni-channel shopping experience across all the stores. The Best Price stores offer best prices with unmatched convenience, choice, quality and hygiene. The mission of Best Price is "Enabling businesses to prosper...every single member". To enter and purchase from Best Price stores, it is mandatory to become a member. Members can belong to different business categories such as Resellers (‘Kirana Stores’); Offices and Institutions (O&I); and Hotels, Restaurants and Caterers (HoReCa). The assortment, service and store layout are customized to the specific needs of members who can walk into a Best Price stores and source high quality products in quantities they need and at the time they require.
For further information, please contact:
Sunita Patnaik, Walmart India, at Sunita.firstname.lastname@example.org and 9717171798;
Pankaj Tiwari, Fortuna PR at email@example.com and 8447595982.