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GST growth comparisons can’t be 'apples and oranges' says CBIC; hits back at 'misleading' claims

·Economic Times·Impact 2/5 · Moderate
MeridStreet AI summary

The Central Board of Indirect Taxes and Customs (CBIC) has responded to claims about the growth of Goods and Services Tax (GST) revenue, stating that these comparisons are misleading. The CBIC argues that comparing GST figures using different tax bases is like comparing apples and oranges, and that growth calculations must be made on a like-for-like basis for meaningful analysis. This means that the government cannot compare GST revenue figures before and after the discontinuation of the compensation cess, which was removed from most items in September 2025.

Source reporting

Read the source report: Economic Times →

MeridStreet analysis

Why it matters

The CBIC is seeking to standardize GST revenue comparisons to ensure accuracy. This move could lead to more reliable data and better decision-making for businesses and investors.

Market impact

Impact score
2 / 5
Market signal
Mixed / neutral
Category
Market moves
Model confidence
60%

Transmission channels

Standardized comparisons→Reliable data→Better decision-making→Economic clarity→Investor confidence

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.