Raipur, Sept. 21 -- Chhattisgarh Chief Minister Vishnu Deo Sai on Sunday welcomed the new GST rates coming into effect nationwide from September 22, stating that the reforms would benefit the industrial sector and the farmers.

Speaking to reporters, Sai said, "Its impact will be visible everywhere from tomorrow because the four GST slabs have been reduced to two; now there are slabs of 5% and 18%. This will benefit the industrial sector, and our farmer brothers and sisters will also benefit greatly; the cost of agriculture will also reduce, and farmers will benefit."

Earlier this month, the 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rate...