In Graphics: How GST cuts triggered a rally for Indian businesses
Government analysis reveals that last September's Goods and Services Tax rate adjustments led to a significant expansion of the tax base. Higher taxable supplies more than compensated for reduced tax rates, boosting average monthly taxable supply ...
By ET Bureau |
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The rationalisation in the goods and services tax rates last September delivered a larger-than-expected expansion in the tax base, with higher taxable supplies more than offsetting the revenue foregone from lower tax rates, according to a government analysis. Average monthly taxable supply, an indicator of revenue for businesses, grew 22.5% in the second half of FY26 (after GST changes on September 22). As the levy completes nine years on July 1, a look at the impact of last year’s changes.
