Like-for-like GST growth declines to five-year low of 5.57% in FY26 - Business Standard

Gross revenues from the goods and services tax (GST), when measured on a like-for-like basis by including cess, grew at a five-year low of 5.57 per cent in Fiscal Year 2025-26 (FY26) to Rs 23.32 trillion from Rs 22.09 trillion recorded in FY25, even as import revenues surged 12.8 per cent, highlighting a widening gap between domestic (up 3.27 per cent) and external revenue streams. The FY26 number…