India’s GST collections surged to ₹1.89 lakh crore in September, up 9.1% year-on-year, marking the sharpest pace in four months and reinforcing the resilience of tax revenues despite subdued consumer spending ahead of rate cuts.

September marked the ninth straight month of collections exceeding ₹1.8 lakh crore, with the latest pickup outpacing August’s 6.5% growth. Though robust, the quarterly growth moderated to 7.7% in Q2 FY26, compared to 11.7% in Q1, suggesting a gradual tapering as the impact of recent GST rate changes takes hold. Advertisement

On September 22, the government rolled out a simplified two-rate GST structure, merging the 28% and 12% slabs into 18% and 5%, respectively — a shift that pushed over 90% of taxable goods into the lower tax bracket. While this temporarily da

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