Retail major Walmart India is training its suppliers and vendors to comply with the new tax structure under the proposed GST regime, a move which will minimise disruptions in their businesses.
It has structured training programs and started series of workshops for its small and medium-sized (SME) suppliers, which will help them to evaluate their GST compliance levels and prepare for the transition, Walmart India said in a statement.
Walmart India Private, a wholly-owned subsidiary of Wal- Mart Stores Inc has completed two such programmes in Ludhiana and Hyderabad, which was attended by its 76 supplier partners, it added.
Walmart India president and CEO Krish Iyer said: "At Walmart India, our teams are working diligently to be 100 per cent 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."
The company is planning to have several such workshops in Delhi, UP and central India over the next few weeks for its partners.
"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," he further added.
Last week, the GST Council had finalised tax rates for services under the new regime set to kick in from July 1.
Walmart India presently operates 21 cash and carry stores under brand Best Price in nine states across India.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)