Thursday, December 14, 2017
News

Digital solution launched for 'kirana' stores to comply with GST

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Bengaluru | Thursday, 2017 8:45:04 PM IST
 
Retail technology platform Snapbizz Cloudtech Private Limited on Thursday launched 'Turbo', a digital solution for 'kirana' stores in the country that will enable them to comply with the Goods and Services Tax (GST).

"With the rollout of GST, digitisation of the 'kirana' ecosystem has become imperative. It has reflected in the demand for Snapbizz solution," said its Founder and Chief Executive Officer (CEO) Prem Kumar addressing a news conference here.

Turbo, which includes a touch-screen monitor, barcode scanner and a consumer-facing television to engage the buyers, auto-computes the GST rates for all products at small-scale retail stores.

"Without technology, 'kirana' stores would not be able to adapt to GST with different slabs for each product. They would not even be able to afford an accountant. The success of GST is very dependent on technology adoption by the masses," Kumar told IANS at the conference.

"Whether it is a 16-year-old who works at a kirana store or a 60-year-old, technology must be in such a way that everyone can use it," he added.

The firm, present across the country's metros and few tier-II towns, works with over 4,000 kirana stores.

"We plan to spread across 10,000 to 15,000 small-scale retailers in the country by the end of this year," the company said.

Founded in 2013, Bengaluru-based Snapbizz focuses entirely on small-scale retailers in the country.

According to the company's research, out of the total 1.2 crore retail stores in the country, 80 lakh stores are small-scale kirana stores.

--IANS bha/vgu/dg

( 262 Words)

2017-08-31-20:14:11 (IANS)

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
 
MORE BUSINESS NEWS
Equity indices trade in red, TCS top los...
US lawmakers reach deal on tax cut bill...
Global trade conference ends without pro...
US Fed raises interest rate amid strong ...
Russians spent less than 1 pound on ads ...
One-way traffic restored on Jammu-Srinag...
More...
 
INDIA WORLD ASIA
PM commissions INS Kalvari to boost Indi...
Pradhan pitches for education, skill dev...
Hyderabad man appeals Sushma to help arr...
Hyderabad student shot in Chicago: Victi...
Telangana govt announces salary hike for...
PM commissions India's 1st indigenously-...
More...    
 
 Top Stories
Telangana seeks Israel's help in cy... 
SC nod to 12 fast-track courts to t... 
Two Parsi women married outside rel... 
IndiGo to operate Colombo flights f... 
Missing accounts officer found dead... 
Syria, Lebanon reopen border crossi... 
Police in tourism areas should be a... 
Chinese man jailed for desecrating ...