Retail News

GST beneficial for Walmart India
July 12, 2017

Walmart India will benefit from the Goods and Services Tax (GST) regime, which will be implemented in the country from July 1, as per a top official of the company. GST will ensure that the nation becomes one national unified market and in the medium to long term, it will eliminate the need for Walmart to have a warehouse in every state. The elimination of the requirement to have a warehouse in every state will help Walmart benefit in terms of economies of scale. Thus, the business could be run at a lower cost, the benefits will eventually be passed onto its customers. This will lead to the prices of various commodities to come down.