How Can Haryana CM Motivate Traders to Pass on Reduced GST Benefits to Consumers?
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Synopsis
In a significant appeal, Haryana CM Nayab Singh Saini urges traders to pass on reduced GST benefits to consumers, aiming to foster economic growth and affordability. This initiative highlights the vital role of the business community in enhancing consumer savings and promoting local products.
Key Takeaways
- Haryana CM emphasizes passing GST benefits to consumers.
- GST Bachat Utsav aims to make goods more affordable.
- Traders play a significant role in economic growth.
- Promotion of local products is crucial for self-reliance.
- Haryana's GST collection reflects economic strength.
Chandigarh, Oct 4 (NationPress) The Chief Minister of Haryana, Nayab Singh Saini, on Saturday called on traders throughout the state to ensure that the complete advantages of the Central government's reduced GST rates are conveyed to consumers.
He remarked that under the guidance of Prime Minister Narendra Modi, the reforms in Goods and Services Tax (GST) have significantly benefited the citizens.
The Chief Minister encouraged traders to join in promoting the GST Bachat Utsav, aimed at making goods and services more economical.
He emphasized that this initiative will not only enhance trade but also allow consumers to acquire essential goods at lower prices. The principles of affordable pricing, expanding trade, and a robust economy are the essence of the GST Bachat Utsav, which is set to elevate Haryana to new levels of advancement.
CM Saini characterized these reforms as a landmark movement towards a self-sufficient India and a resilient economy, highlighting the vital role of the business sector in delivering these benefits to the populace.
He displayed confidence that the traders of Haryana would exemplify the implementation of the Prime Minister’s vision.
The Chief Minister stated that the GST reforms would directly aid consumers, particularly during the festive season, by reducing prices on numerous daily goods and generating extra savings for the middle class.
These savings, he noted, will not only offer relief to consumers but also open new avenues for businesses. CM Saini urged traders to concentrate on the production and marketing of domestic products.
He reiterated that the Prime Minister is promoting the vision of a self-reliant India and the importance of utilizing local products.
“The GST reforms will be pivotal in achieving this vision. By prioritizing local goods, businesses can enhance both the domestic industry and the economies of the state and the nation,” he said.
Pointing out Haryana’s consistent success in GST collection, the Chief Minister highlighted that the state’s net SGST collection surged from Rs 18,910 crore in 2018-19 to Rs 39,743 crore in 2024-25.
This extraordinary accomplishment showcases Haryana’s thriving economy and the unwavering support of its traders. Haryana has consistently been the top state in GST collection, thanks to the contributions and efforts of its business community.
Point of View
The call by Haryana's CM to traders is a crucial step towards enhancing consumer welfare and economic growth. By ensuring that reduced GST rates benefit consumers directly, the government reinforces its commitment to a self-reliant economy and encourages local production—a strategy that aligns with national interests and boosts local businesses.
NationPress
04/10/2025
Frequently Asked Questions
What is the GST Bachat Utsav?
The GST Bachat Utsav is an initiative aimed at promoting the affordability of goods and services through the benefits of reduced GST rates.
How have GST reforms affected consumers?
GST reforms have led to lower prices on many everyday goods, providing direct savings for consumers, especially during festive seasons.
What role do traders play in GST reforms?
Traders are essential in ensuring that the benefits of reduced GST rates reach consumers, thereby boosting sales and promoting local products.
Why is local product promotion important?
Promoting local products strengthens the domestic industry and contributes to the overall economy, aligning with the vision of a self-reliant India.
What has been the trend in Haryana's GST collection?
Haryana has seen a remarkable increase in net SGST collection, reflecting a strong economy supported by its trading community.
