The Prime Minister Narendra Modi 22. September described the tax reforms of the new generation goods (GST), which came into force today and called it as a “double bonanza” that could be given to people during the festival season
“From this day, GST’s next generation reforms have been carried out and GST Bachat Utsav has begun. On the occasion of festivals, people received double Bonanza,” the Prime Minister said in addressing a public event in Itanagar.
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GST on at least 375 items is shown from today’s day, September 22, making them cheaper and more accessible in supporting the Indian middle class and 1.4 billion people in the nation.
This step was announced by the Minister of Finance Nirmala Sitharaman at the beginning of this month after the GST Council. New rates that come into force of 22 September will tax most items for 5 % or 18 %.
During the event in Itanagar on Monday and PM Narendra Modi also solemnly introduced and laid the foundation stone for various development projects worth £5 100 crore. Laso laid the foundation stone for the Heo Hydro Electric (240 MW) and the Tit-I Hydro Electric Project (186 MW), which is to be developed in sub-basin Arunacal Pradesh Siyom.
Congresses ignored the northeast
While congratulations to the people of the state in adopting development projects, he also attacked Congress for ignoring the region in the northeast for many years.
“Generally, the first rays of the sun fall on Arunacal Pradesh, but years have passed years in an effort to get rays of development here. I came here also before 2014, remained with you. Nature gave Arunacal so much, land, people, ability.
In the style of Bharatiya Administration, Janata said the Prime Minister that while visiting the ministers of congress in the northeast were little and far between them, the current ministers visited the region more than 800 times, visiting it several times as Prime Minister.
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“We have increased a lot of budget in the northeast. We made sure that the connection to the last mile we created the identity of our government to the last mile. We also made sure that the government would not run from mere session in Delhi.
Before his address, PM Modi interact with local entrepreneurs and discussed the advantages of GST rationalization.
‘Garv with Kaho Yeh Swadeshi Hai’
During his participation in the “GST Bachat Utsav” event in Itanagar, the Prime Minister met with various craftsmen, industry leaders in the state. He met entrepreneurs who sell local goods, packed milk and food, and emphasized the “Swadeshi” products.
He also handed them labels “Garv with Yeh Swadeshi Hai”. The traders were very happy after their acceptance and said they would place these signs in their stores.
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Meanwhile, the reform in the structure of the tax on goods and services (GST) was approved during the 56th meeting of the GST Council at the beginning of this month.
The previous four-folder system has been replaced by an efficient two-web mode of 5 % and 18 %. For luxury and sin of the goods, a separate 40 % album was maintained.
From today, GST reforms have been introduced next generation and GST Bachat Utsav started. On the occasion of festivals, people were given double bonanza.
This new framework is expected to facilitate compliance with regulations, reduce consumers, increase production and support a wide range of industries, from agriculture to cars and FMCG to renewable energy, and is intended to reduce living costs, strengthening MSME, expanding tax base and increasing inclusion growth.
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