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Business
India's GST Collection Climbs 14.7% in September to ₹2.04 Lakh Crore
✍️ The Economic Times
🗓 01 Oct 2026, 01:36 PM
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India’s Goods and Services Tax (GST) revenue rose 14.7% year‑on‑year in September, reaching ₹2.04 lakh crore, according to the Economic Times.
India’s GST collection for September 2023 registered a 14.7% increase over the same month last year, amounting to ₹2.04 lakh crore, as reported by the Economic Times. The rise reflects a steady uptick in taxable turnover and improved compliance across sectors.
In comparison, the previous month’s collection stood at ₹1.91 lakh crore, indicating a month‑on‑month growth of roughly 6.5%. This upward trend is seen as a positive sign for the government’s fiscal health, helping to narrow the projected deficit.
GST remains the largest source of indirect tax revenue for the central government, accounting for more than 70% of total tax receipts. The recent surge is expected to ease pressure on the budget and provide a buffer for upcoming fiscal reforms.
Analysts note that sustained growth in GST collections could support the government’s plan to increase public spending without raising direct taxes, thereby maintaining investor confidence and supporting economic recovery.
In comparison, the previous month’s collection stood at ₹1.91 lakh crore, indicating a month‑on‑month growth of roughly 6.5%. This upward trend is seen as a positive sign for the government’s fiscal health, helping to narrow the projected deficit.
GST remains the largest source of indirect tax revenue for the central government, accounting for more than 70% of total tax receipts. The recent surge is expected to ease pressure on the budget and provide a buffer for upcoming fiscal reforms.
Analysts note that sustained growth in GST collections could support the government’s plan to increase public spending without raising direct taxes, thereby maintaining investor confidence and supporting economic recovery.