Itanagar, Sep 22 (NationPress) The entrepreneurial community in Arunachal Pradesh expressed their gratitude towards the recent GST reforms, stating that the new tax structure will significantly benefit traders and various trading sectors.

Tarh Nachung, President of the Arunachal Chamber of Commerce & Industries (ACC&I), conveyed his contentment following his meeting with Prime Minister Narendra Modi in Itanagar on Monday. He emphasized that the revised GST rates are anticipated to positively influence all stakeholders.

After his 25-minute face-to-face discussion with PM Modi, Nachung remarked that this interaction is likely to have a constructive effect on local commerce and industry.

The dialogue primarily revolved around the newly simplified GST structure, which now consists of only two slabs: 5 percent and 18 percent. This adjustment is projected to aid shopkeepers, consumers, and sectors such as insurance, construction, and private vehicle ownership, according to Nachung.

He pointed out that many residents in the remote areas of Arunachal Pradesh were previously unfamiliar with GST. However, the state government has implemented strategies to improve awareness across all 28 districts, ensuring both traders and consumers reap the benefits of these reforms.

Describing the meeting as “highly valuable,” he noted the Prime Minister took the time to explain how these reforms would bolster the business community and enhance consumer advantages.

During the meeting, part of the “GST Bachat Utsav” event, PM Modi elaborated on the advantages of the newly introduced GST rate reductions.

He assured that the GST reforms, effective from Monday, will positively impact the poor, middle class, women, farmers, traders, and entrepreneurs, encouraging everyone to celebrate a grand “GST Bachat Utsav”.

PM Modi stated that the GST 'savings festival' would be a historic occasion for the people. After laying the groundwork for 13 development projects worth over Rs 5,127 crore in Arunachal Pradesh, he engaged with the crowd at a public meeting at Indira Gandhi Park, sharing the slogan, “Garv se kahen, yeh swadeshi hai”.

As he urged the audience to raise their hands with mobile flashlights, thousands enthusiastically complied. Before the main event at Indira Gandhi Park, PM Modi visited an exhibition and interacted with local traders, artisans, and craftspersons, showcasing local products.

In alignment with his vision of promoting Ease of Doing Business and nurturing a dynamic entrepreneurial ecosystem, the Prime Minister engaged with local taxpayers, traders, and industry representatives to assess the impact of the recent GST rate adjustments. He remarked that this festive season has brought a double benefit to citizens, affirming that the GST 'Savings festival' would usher in joy, prosperity, and success for the Indian populace.

Recognizing the significant presence of women in the gathering, PM Modi reiterated congratulations for the GST 'Savings festival' and emphasized the substantial impact these next-generation GST reforms will have on them. He mentioned that households will experience considerable relief in their monthly expenditures.

Essential items such as kitchen staples, educational supplies for children, and clothing have become more affordable, as the PM indicated. He announced that GST has now been streamlined to just two slabs -- 5 percent and 18 percent. Furthermore, many essential items have become tax-free, and taxes on numerous goods have seen considerable reductions. He underscored that constructing a home, buying a scooter or bike, dining out, and traveling have all become more economical.