Thursday, November 15, 2018
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)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Deezoe launches its first e-commerce pla...
Andhra launches AWS Cloud-based initiati...
People raise over $1 bn on Facebook...
Mumbai girl wins 'Doodle for Google 2018...
Bharti Airtel appoints Adarsh Nair as Ch...
New Microsoft-Nielsen AI data solution t...
More...
 
INDIA WORLD ASIA
J&K Govt to build residential complexes ...
Rafale probe will expose PM Modi, Anil A...
Temple will be constructed where Ram was...
Was trying to wary people of BJP's disru...
Sinha, Shourie, Bhushan seek CBI probe i...
IT sleuths conduct surveys at fish trade...
More...    
 
 Top Stories
Leopard killed in road accident in ... 
Decomposed body found in water tank... 
TRS announces third list of 10 can... 
New police chiefs in Ghaziabad, Sah... 
NC bats for positioning Durbar in S... 
J&K Guv directs for making new Medi... 
Nettlinx Q2 total income up by 71 ... 
J&K Govt to build residential compl...