Gross Goods and Services Tax (GST) collections grew 4.6 per cent year-on-year (y-o-y) to Rs 1.96 lakh crore in October (for sales in September), official data released on Saturday showed.

While the GST collections registered an increase on y-o-y basis despite staggering tax rate cuts for over 375 items effective September 22, this marked the slowest pace of growth this financial year and the lowest since the Covid-19 pandemic period when 2.1 per cent growth was seen in June 2021.

In absolute terms, this marked the fourth instance of the GST collections rising over Rs 1.95 lakh crore in the ongoing financial year 2025-26, with a record-high level of Rs 2.37 lakh crore seen in April. The GST revenue collection numbers are expected to improve in November when the full-month impact of the

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