Bengaluru Aug 31 (IANS) 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
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