The former finance minister last month had told National Herald that he would have rolled out GST differently and pointed out the design and structural flaws in the way it had been rolled out.

Earlier this month, he, in a column in The Indian Express had pointed out that the Modi Government and Arun Jaitly had disregarded the report of its own Chief Economic Advisor who had recommended a Revenue Neutral Rate (RNR) of 15 per cent plus or minus one. Not surprisingly, he felt vindicated following the GST Council reversing the rigid stand of the Government.

Finance Minister Arun Jaitley has cut a sorry figure after claiming for weeks that the rates were irreversible and would not be changed, PTI had reported in June.

“Asked if there would be any further revision of rates, the minister said the fitment committee and the GST Council have gone into the depth of all the cases and whatever rates have been decided are based on "informed reasons" and "detailed discussions".

"These broadly are the final rates... just because somebody raises an issue does not mean you have to grant it," Jaitley had stated.

The hashtag #RahulGSTimpact trended for a long time on Twitter.