Overview
- Net GST after refunds stood at about ₹1.69 lakh crore, up 0.6% year on year as refunds jumped 39.6% to ₹26,934 crore.
- Import-linked IGST rose 12.84% to ₹50,884 crore, while domestic revenue edged up 2% to ₹1.45 lakh crore.
- The 4.6% rise marked the slowest growth rate of the fiscal and the weakest since the pandemic era, according to official data and media analysis.
- Cumulative GST collections for April–October reached ₹13.89 lakh crore, a 9.0% increase over the same period last year.
- GST 2.0, effective September 22, moved most items to 5% and 18% slabs and removed cess on many goods, with festive and pent‑up demand helping offset revenue effects so far.