Editorial GST: The reform process is proving beneficial

The most satisfying aspect is that the above increase was possible despite the uncertainty associated with the implementatio...

Editorial GST: The reform process is proving beneficial: The Goods and Services Tax (GST) collection in September stood at Rs 1.89 lakh crore. This amount is 9.1 percent higher than the collection in the same month of the previous year (2024) (Rs 1.73 lakh crore).

The most satisfying aspect is that the above increase was possible despite the uncertainty associated with the implementation of reduced rates of GST from September 22. It is worth mentioning that, from September 22, the number of GST rate slabs in the country was reduced from four to two.

This decision resulted in a reduction in the prices of at least 375 items. The items with reduced tax rates inclu