GST revenue rises to ₹2.03 lakh crore in September but share of domestic sources falls to all-time low

The Goods and Services Tax (GST) revenue in India has reached ₹2.03 lakh crore in September. This increase is significant, but it masks a concerning trend: the share of GST revenue coming from domestic sources has fallen to an all-time low. This means that a larger portion of GST revenue is now coming from taxes paid on imported goods rather than domestic transactions. This shift has implications for the Indian economy, as it may indicate a decline in domestic economic activity.

Why it matters

The increase in GST revenue is due to a rise in tax paid on imports. However, the share of domestic sources has fallen to an all-time low, indicating a potential shift in the economy.

Market impact

Transmission channels

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