GST net revenues inch up 0.6% in October; refunds jump nearly 40% - Business Standard

Growth in India’s net revenues from the goods and services tax (GST) softened to 0.6 per cent year-on-year (Y-o-Y) in October, the slowest so far in FY26, as businesses adjusted to the recent GST rate cuts and the government processed higher refunds. Still in absolute terms, net collections remained strong at Rs 1.69 trillion, making October the third best month of FY26 after April and May. In Oct…