GST rate changes from Sept 22 boosted taxable supplies 25.8%

GST rate changes took effect on September 22, 2025, and Business Standard and The Hindu BusinessLine reported that reported taxable supplies grew 25.8 per cent between October 2025 and July 2026 compared with the same period a year earlier. Business Standard and The Hindu BusinessLine reported that reported sales to consumers, or B2C, rose 26.7 per cent in the same post-reform comparison. The outlets also reported that GSTR-3B returns filed by their due dates for the April-July 2026 tax periods were 12.6 per cent higher than in the same periods a year earlier.

Business Standard and The Hindu BusinessLine reported that gross GST collections reached ₹12.46 trillion during April-September 2026, up 11.6 per cent over the corresponding period last year, while net collections after refunds grew 10.4 per cent over the half-year. The outlets reported that approximately ₹1.80 trillion was refunded during April-September. Business Standard and The Hindu BusinessLine reported that every month from June through September recorded double-digit annual growth, and that together, collections for these four months accelerated by nearly 15 per cent.

The outlets also reported that states' aggregate SGST receipts, including their share of IGST settlements, grew by about 16 per cent during April-September this year. Business Standard and The Hindu BusinessLine reported that GST registrations across Central and state jurisdictions stood at approximately 1.71 crore, or 17.1 million, at the end of August, up nearly 15 per cent from a year ago.