Walmart hopes to benefit from GST. One gain is in a national unified market, there is no need of a warehouse in every single state. Walmart feels if it will be able to run the business at a lower cost, it can pass on benefits to consumers, and the prices of central commodities can come down resulting in a win-win for everyone, consumer, state, business.
Walmart is committed to expanding its operations and investments in India. The retailer plans to open 50 more cash and carry stores over the next four to five years. It has already built a pipeline of nearly 16 stores. Walmart is helping its suppliers deal with the transition to GST --- the new tax structure that roll out from July 1.
The retailer has flagged off a series of workshops. 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. As a significant number of Walmart’s supplier base consists of small, medium 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.
