Tripura Chief Minister Manik Saha praised the Goods and Services Tax (GST) during a public event on Thursday, October 9, stating that it has significantly improved revenue collection and strengthened the economic foundation of both the state and the nation as a whole.
Crediting Prime Minister Narendra Modi for implementing the “one nation, one tax” system, Dr. Saha highlighted how GST has simplified taxation and brought transparency to financial governance. He explained that prior to GST, citizens had to navigate multiple taxes under different systems, whereas now the unified tax structure has made things simpler and more user-friendly.
One of the key reforms mentioned by the Chief Minister was the reduction of GST slabs from five to two — 5% and 18%. This change has reportedly reduced monthly expenses for the common man by almost 4%. Dr. Saha also pointed out that essential household items like soap, shampoo, toothpaste, and bicycles now attract only 5% GST, providing relief to middle-class families.
Furthermore, Dr. Saha emphasized the benefits extended to the agricultural sector, noting that tractors and rice harvesters now fall under the 5% GST bracket. Additionally, the tax rate on cement has been lowered from 28% to 18%, benefiting both farmers and the construction industry.
The Chief Minister also highlighted exemptions for life and health insurance from GST, as well as the low tax rates on life-saving medicines, diagnostic kits, and medical devices. These measures have made healthcare more affordable for the general public.
In conclusion, Dr. Saha asserted that the GST regime has not only simplified India’s taxation system but has also set the stage for long-term economic growth, increased state revenues, and welfare-driven fiscal management. The Chief Minister’s remarks underscore the positive impact of GST on various sectors of the economy and on the lives of ordinary citizens.
