India's Gross GST collection ticks up 14.7% in September to Rs 2.04 lakh crore
Economic Times 1 hr ago·1 Oct 2026, 6:07 am
India's Gross Goods and Services Tax (GST) revenue for September reached Rs 2.04 lakh crore, marking a 14.7% increase from the same period last year. This growth suggests that consumer spending and business activity in the economy are strengthening.
For investors, this uptick is a positive signal. Higher GST collections typically reflect a healthier consumption environment, which can boost corporate earnings across various sectors. It also indicates that the government's indirect tax base is expanding, providing a more stable fiscal outlook.
Moving forward, investors should watch for consistent GST collections in the coming months. A sustained upward trend would reinforce confidence in India's economic recovery and its growth potential.
Excerpt from Economic Times
The Indian government reported a 14.7% increase in GST collections for September 2023 compared to last year. Maharashtra topped the states with collections reaching Rs 29,986 crore, reflecting a 15% growth. Some states, however, experienced significant declines in GST revenues, with Sikkim's collections dropping 51%.…Read the original at Economic Times
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