GST collections dip in 20 of 36 states and Union Territories in October - Business Standard

Twenty out of 36 states and Union Territories (UTs) in India saw their goods and services tax (GST) collections contract in October, marking the weakest monthly performance so far in the financial year 2026 (FY26) as businesses adjusted to the implementation of the GST 2.0 rate structure. State GST collections grew just 2 per cent in October while gross GST rose 4.6 per cent, lowest in FY26. …