India, Sept. 4 -- After the first day of the GST council meeting, the Indian government has revised and cut GST slabs and rates. The decision, which as per Finance Minister Nirmala Sitharaman is for the common man, has been welcomed by many leaders, including senior Congress leader P Chidambaram.

On Wednesday, 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 rates.

In a post on X late Wednesday, the former finance minister and Rajya Sabha MP welcomed the Centre's recent GST rationalisation and rate cuts but questioned the decision as he questioned the eight year delay in the revision of GST.

Chidambaram said the current GST design and rat...