GST growth surge is a good augury
A nearly 12per cent rise in GST revenues during Q1 of FY26, along with the ₹22.08 lakh crore collected in FY25, signals the success of digital reforms like e-invoicing, real-time analytics, and improved compliance—all of which have curbed evasion and streamlined administration. This revenue buoyancy boosts the fiscal firepower of both central and state governments, allowing for greater public investment without excessive borrowing.
Notably, the sharp rise in collections from smaller and northeastern states points to more inclusive regional growth and better compliance. Rising GST refunds—especially for exporters—indicate stronger trade momentum and improved liquidity for MSMEs, enhancing India's global competitiveness. The doubling of the taxpayer base since 2017 further affirms GST's expanding reach. Together, these trends reflect a virtuous cycle of digital governance, formalization, and revenue growth—laying a robust foundation for policy stability, investor trust, and long-term resilience.
Amarjeet Kumar
Hazaribagh
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Time of India
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- Time of India
FIR against 2 cos for Rs7.3cr GST evasion using fake docus
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Time of India
3 hours ago
- Time of India
Banking services in Gujarat likely to be hit on July 9
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Time of India
4 hours ago
- Time of India
Delhi govt may roll out one-time tax amnesty scheme to settle pre-GST disputes
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