1 day ago
GST Collection Rises Nearly 15% To About Rs 2 Lakh
India collected about Rs 2 lakh crore in GST.
GST is money collected from taxes on goods and services.
The net amount collected was Rs 1.68 lakh crore.
This net amount was 8.3% higher than during the same period last year.
EY India said the figures showed that people were continuing to spend and that more businesses were following tax rules.
Collections also increased in several states and regions outside India’s traditional industrial centers.
This suggests that economic activity may be spreading to more parts of the country.
The upcoming festive season could lead to even higher collections as people spend more.
GST collection rose nearly 15% to about Rs 2 lakh crore.
Net GST collection stood at Rs 1.68 lakh crore.
Net collection grew 8.3% year-on-year during the month.
EY India linked the figures to steady consumption and improving compliance.
Higher collections in several regions suggested broader and more geographically balanced growth.
- Who
- The Indian tax system, with comments from EY India Tax Partner Saurabh Agarwal, is central to the report.
- What
- GST collection rose nearly 15% to about Rs 2 lakh crore, while net collection reached Rs 1.68 lakh crore.
- Where
- India, including Arunachal Pradesh, Nagaland, Mizoram, Assam, Chhattisgarh, Ladakh, and Andaman & Nicobar.
- When
- The article refers to collections during a month but does not specify which month.
- Why
- The figures were associated with steady consumption, improving compliance, and broader economic activity; festive-season spending may further increase collections.
Key facts
- Total GST collection
- About Rs 2 lakh crore
- Net GST collection
- Rs 1.68 lakh crore
- Net year-on-year growth
- 8.3 per cent
- Growth in total collection
- Nearly 15 per cent
- Regions highlighted
- Arunachal Pradesh, Nagaland, Mizoram, Assam, Chhattisgarh, Ladakh, and Andaman & Nicobar
- Expected near-term trend
- Collections may rise over the next couple of months because of festive-season consumer spending
Quotes
Saurabh Agarwal
EY India Tax Partner commenting on GST collections and the economic outlook
“Looking ahead, with the festive season round the corner, revenue collections over the next couple of months are likely to trend higher, supported by increased consumer spending.”
timesnownews.com
Sources
Related news
India’s August GST Collections Near ₹2 Lakh Crore, Refunds Surge
Haryana Records Highest SGST Growth Among States in 2026-27
Andhra Pradesh Tax Collections Rise 18% Through August
Uttar Pradesh Leads States in Tax Collections, Haryana Growth
Net direct tax collections rise 23.09% to ₹8.11 lakh crore
Assam-Mizoram Border Tense as Truckers Maintain Traffic Blockade
Delhi Court Allows NIA Tihar Interrogation of Two Foreigners
Family Seeks US Intervention for Detained Mercenary Matthew VanDyke
Dhumal, Majumdar Set for Unopposed IPL Council Re-election
