September GST collections cross ₹2 trillion again
AI Summary
The significant rise in GST collections, particularly from imports, underscores the resilience of the Indian economy amid global uncertainties. For retail investors, this trend may signal robust demand in key sectors such as electronics and machinery, potentially benefiting companies involved in these industries. Additionally, the upcoming GST Council meeting could lead to policy changes that might impact consumer spending and investment strategies, making it crucial for investors to stay informed on developments.
NEW DELHI: India’s gross goods and services tax (GST) collections rose 14.7% in September to ₹2.04 trillion from ₹1.77 trillion a year earlier, with the headline growth driven largely by a sharper rise in tax collected on imports, which increased nearly 26%, according to provisional data released by the finance ministry on Thursday.
September was the third month this fiscal year in which GST collections crossed the ₹2 trillion mark, but were below the ₹2.11 trillion collected in July, when the monthly mop-up crossed ₹2 trillion for the second time. July’s collection was the second-highest since GST was introduced in July 2017, after the record ₹2.43 trillion collected in April 2026.
Original Article
Published on Livemint
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