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Data● Neutral for Indian equities
GST revenue rises to ₹2.03 lakh crore in September but share of domestic sources falls to all-time low
The brief
- GST revenue rose to ₹2.03 lakh crore in September
- The share of GST collected from domestic sources fell to an all-time low
- The domestic-source mix may offer a signal on consumption and imports for Indian consumer and trade-linked companies
- Strong capex, high tax collections are keeping India's fiscal risks in check: Axis Capital
- India's September goods and services tax collection rises 14.7% from a year ago
- Fiscal path hinges on direct taxes as customs, excise revenues face pressure: Report
- Capital expenditure grew by 18% during Apri-August
- The week ahead in numbers: Factory growth, GST collections, vehicle sales
September GST collections
Gross GST collections rose 14.7% year-on-year to about ₹2.04 lakh crore in September; net revenue increased 18.1% to ₹1.77 lakh crore. Import collections rose 26% and domestic collections 10.1%, with state-wise growth ranging from Assam’s 88% rise to Tamil Nadu’s 5% fall.
Thursday, 1 October
- GST revenue rises to ₹2.03 lakh crore in September but share of domestic sources falls to all-time low