CHENNAI: Welcoming the GST council's decision to restructure the slabs from four to two, AIADMK general secretary Edappadi K Palaniswami termed it a “historic decision” and appreciated Prime Minister Narendra Modi for his visionary leadership in steering transformative reforms, and Finance Minister Nirmala Sitharaman for her dedicated efforts in ensuring a simplified and growth-oriented GST framework.

“The shift to two slabs (5% & 18%), relief on essentials, healthcare, agri-inputs & insurance ensures simplicity, fairness and progress,” Palaniswami said in his post on X handle.

The move will simplify compliance, boost consumer confidence and support economic growth, he added.