New Delhi, Oct 1
India’s goods and services tax (GST) revenues rose 9.1 per cent year-on-year in September, reaching Rs 1.89 lakh crore, according to government data released on Wednesday.
This marks the fastest growth rate in four months and extends the streak of monthly inflows above Rs 1.8 lakh crore to nine consecutive months. The pickup is also the fastest in four months, compared with 6.5 per cent growth in August.
In the second quarter of FY26, collections reached Rs 5.71 lakh crore, a 7.7 per cent increase year-over-year, but slower than the 11.7 per cent growth witnessed in the previous quarter.
Centre introduced a two-slab GST rate of 5 and 18 per cent on most goods, while a separate higher 40 per cent tax was imposed on sin goods such as cigarettes, tobacco, and sugary drinks as part of the rationalisation exercise