GST revenue collections decline across 20 states in October
after close1 source ↓written by the desknot a recommendation
- in India reported
- 20 states
- saw drops
- -17%
- respectively
- -15%
- rose
- 2%
- GST growth
- 4.6%
In October, 20 states in India reported a decline in GST collections, marking the weakest performance of FY26. Key states like Himachal Pradesh and Jharkhand saw drops of -17% and -15% respectively. This slowdown follows a robust growth period earlier in the fiscal year, indicating potential challenges for consumption and industrial sectors. 📉
• State GST collections rose by 2%
• Gross GST growth at 4.6%, lowest in FY26
• Major states showing declines include Uttarakhand (-13%) and Andhra Pradesh (-9%).
Not investment advice. For informational purposes only.