Tag: GST collections
2026 dawns brightly on buoyant sentiment as India’s economy hits high gear
India’s economy entered 2026 on a strong tailwind, with high-frequency data for December showing strong consumer sentiment and robust activity. Car sales ended the year…
GST collection grows 6.1% in December 2025 as rate-cut impact shows| Business News
India’s GST collections is showing a marginal improvement as the impact of GST 2.0 continued to weigh on domestic indirect-tax revenue. India’s net GST revenue,…
Capex cuts to offset tax shortfalls, Govt on track for fiscal targets of FY26: Goldman Sachs
The Central government is expected to meet its fiscal deficit target for FY26 by cutting back on capital expenditure to offset potential shortfalls in income…
GST collections soften in November 2025 in the aftermath of rationalisation move| Business News
India’s GST collections softened in November 2025 due to the rationalisation move that reduced the indirect tax of hundreds of items. GST collections are up…
India’s gross GST collection in November tad up on year at Rs 1.70 lakh cr after sweeping tax cuts
India’s Gross GST collections for the month of November stood at Rs 1,70,276 crore, up 0.7% year on year, driven by lower GST rates and…
GST revenue in FY26 to exceed budget estimates, says SBI Research
The Goods and Services (GST) revenue for the Financial Year 2026 (FY26) will still be higher than budgeted collections, according to SBI Research. The report…
Sales glut pips tax cut as GST mop-up keeps rising
Gross collections of goods and services tax (GST) rose 4.6% on-year to Rs 1.95 lakh crore in October, reflecting robust local consumption that helped offset…
GST collections may dip initially, but festive demand will offset: CBIC chief
The Central Board of Indirect Taxes and Customs (CBIC) indicated on Thursday that Goods and Services Tax (GST) collections could see a temporary dip in…