Are Buyers and Sellers Thrilled with GST Reforms? Insights from Tripura CM Manik Saha
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Synopsis
Tripura's Chief Minister Manik Saha shares insights on the positive reception of the new GST reforms. With reduced prices and greater satisfaction among both buyers and sellers, Saha emphasizes the potential for India's economic growth and the gratitude expressed towards Prime Minister Modi. Discover how these reforms are reshaping the market landscape in Tripura.
Key Takeaways
- GST reforms have led to reduced prices for essential goods.
- Consumers and traders express gratitude towards Prime Minister Modi.
- Tax structure simplified from five slabs to two.
- Indian economy has improved its global ranking significantly.
- The vision for a Viksit Bharat by 2047 is in focus.
Agartala, Sep 24 (NationPress) Tripura Chief Minister Manik Saha stated on Wednesday that the new GST (Goods and Services Tax) reforms have brought joy to everyone, from buyers to sellers. During a campaign at the Maharajganj market, which serves as Tripura's primary commercial center, the Chief Minister noted that citizens are expressing gratitude to Prime Minister Narendra Modi for the decrease in prices of goods, particularly essential items.
“In the future, India has the potential to emerge as a leading economy globally,” Saha remarked. He explained that the recent GST reforms were announced by Union Finance Minister Nirmala Sitharaman on the directives of Prime Minister Modi and took effect on September 22.
“Today, I visited Maharajganj market, the largest in the state, to observe the implementation of this new system. I engaged with both traders and consumers, gathering insights about their responses to the initiatives taken by the Prime Minister. The prevailing sentiment was one of happiness due to the drop in prices. Many expressed their appreciation to the Prime Minister for this,” Saha elaborated.
The Chief Minister reminisced about the complexity of the previous tax structure. “In the past, various taxes were levied when goods departed from factories, including road tax, VAT (Value Added Tax), and additional charges for interstate transportation. Although GST was implemented to consolidate these taxes, it initially caused considerable confusion,” he explained. Highlighting that the GST has now been streamlined from five slabs down to two, he noted that when Prime Minister Modi first proposed tax reforms, detractors predicted economic disaster.
“However, we have witnessed the Indian economy rise from 11th to 4th place globally. Furthermore, the Prime Minister is envisioning a Viksit Bharat by 2047, forecasting that by 2050 or beyond, India could become the world's leading economy,” he added.
Point of View
It's vital to acknowledge the positive feedback surrounding the new GST reforms. The sentiments expressed by Chief Minister Saha reflect a significant shift in economic policy that aims to benefit all segments of society. While challenges remain, the potential for India to enhance its economic standing is evident.
NationPress
24/09/2025
Frequently Asked Questions
What are the key benefits of the new GST reforms?
The key benefits include reduced prices for consumers, simplified tax structures, and increased satisfaction among traders, leading to a healthier economic environment.
When did the new GST reforms take effect?
The new GST reforms were implemented on September 22.
Who announced the new GST reforms?
The reforms were announced by Union Finance Minister Nirmala Sitharaman on the instructions of Prime Minister Narendra Modi.
How have GST reforms impacted the economy?
The reforms have contributed to the Indian economy rising from 11th to 4th place globally, indicating a positive trajectory.
What vision does Prime Minister Modi have for India's economy?
Prime Minister Modi envisions a Viksit Bharat by 2047, aiming for India to become the best economy in the world by 2050 or later.
