As the Goods and Services Tax (GST) is 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 and were attended by 76 supplier partners. Several such workshops are being planned in Delhi, UP and Central India over the next few weeks 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.”