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Business
September GST collection jumps 14.7% to over ₹2.03 lakh crore, traders mark one year of rate cuts
✍️ bhaskarenglish.in
🗓 02 Oct 2026, 06:17 AM
👁 9
GST collections for September rose 14.7% to more than ₹2.03 lakh crore, reflecting higher compliance after a year of rate cuts, according to the GST Network. Traders welcomed the surge as a sign of revived business activity.
The Goods and Services Tax Network (GSTN) reported that September’s GST mop‑up reached over ₹2.03 lakh crore, marking a 14.7% rise from the previous month. The jump follows a steady upward trend since the government announced a series of rate reductions a year ago.
Analysts attribute the increase to broader tax base coverage, improved filing compliance and a gradual recovery in consumer demand. The higher collection also helped narrow the fiscal deficit, providing the central treasury with additional liquidity.
Traders across major markets expressed optimism, saying the sustained rise in GST receipts signals confidence among businesses after a year of lower tax rates. They noted that the relief from reduced rates has translated into better cash flow and higher turnover.
The finance ministry is expected to review the data before finalising the next fiscal’s tax policy, but the current figures suggest that the rate‑cut strategy is yielding tangible revenue gains without compromising growth.
Overall, the September GST performance underscores the effectiveness of the 2023‑24 tax reforms and points to a healthier fiscal outlook for the coming quarters.
Analysts attribute the increase to broader tax base coverage, improved filing compliance and a gradual recovery in consumer demand. The higher collection also helped narrow the fiscal deficit, providing the central treasury with additional liquidity.
Traders across major markets expressed optimism, saying the sustained rise in GST receipts signals confidence among businesses after a year of lower tax rates. They noted that the relief from reduced rates has translated into better cash flow and higher turnover.
The finance ministry is expected to review the data before finalising the next fiscal’s tax policy, but the current figures suggest that the rate‑cut strategy is yielding tangible revenue gains without compromising growth.
Overall, the September GST performance underscores the effectiveness of the 2023‑24 tax reforms and points to a healthier fiscal outlook for the coming quarters.