GST Revenues Hold Steady at 6.7% of GDP Despite Rate Cuts

Last updated: 20 September 2025

GST collections have shown strong resilience in the face of repeated rate cuts, with revenues rebounding quickly after short-term declines. The data shows that the GST-to-GDP ratio dipped to 6.1% in FY20 after rate reductions in October 2018 and July 2019 lowered the average effective GST rate to 1

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Category GST   Report

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