GST rises 9.1 % to 1.89 rupees, the ninth month in a row above 1.8 rupees.

The commodity and services tax groups in India increased to 1.89 rupees in September, increased by 9.1 % on an annual basis, representing a sharp step in four months and enhancing tax revenue elasticity despite the consumer spending before the price cuts.

September was the ninth month in a row of groups that exceed 1.8 Cruiser Cruisers, with the latest growth of 6.5 % of August. Although it is strong, the semester growth supervised 7.7 % in the Q2 FY26, compared to 11.7 % in the first quarter, indicating the presence of gradual swamps with the continued effect of changes to the rate of commodity tax and modern services.

On September 22, the government launched a commodity and services tax structure at two simple price, combining the panels by 28 % and 12 % in 18 % and 5 %, respectively-the transformation of the payment of more than 90 % of the taxable goods in the low tax chip. While this consumer spending temporarily weakens non -attractiveness, it is expected to boost consumption in the next seasons.

Despite the calm caused by price cuts, both the government and the reserve bank in India are still optimistic. The Central Bank has recently reviewed the growth of GDP in India to 6.8 % of 6.5 %, noting the expected winds from rationalizing prices and flexible domestic demand. S& P Global Ratses chanted this outlook, while maintaining a 6.5 % growth estimate, saying that the local momentum would help expand the external shocks range, including the new US tariffs.

However, 1.89 rupees of $ 1.89 remains standard tracks in April 2.4 crores, and officials expect some moderation in the short term. Analysts believe that the full benefits of price cuts and enhanced compliance will gradually appear, which helps to stabilize groups and possibly raised them in the second half of the fiscal year.