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GST Process Reforms Will Boost Government Revenues Says Revenue Secretary
M
Moneycontrol•08-10-2026, 18:17
GST Process Reforms Will Boost Government Revenues Says Revenue Secretary
- •Revenue Secretary Arvind Shrivastava stated that process reforms approved by the GST Council will positively impact government revenues.
- •Finance Minister Nirmala Sitharaman noted that prior GST rate reductions did not result in revenue losses due to continued collection growth.
- •Gross GST collections reached Rs 2.03 lakh crore in September 2026, marking a 14.7 percent increase from the previous year.
- •September 2026 marked the third consecutive month where gross GST collections surpassed the Rs 2 lakh crore milestone.
- •The 56th GST Council meeting in September 2025 introduced next-generation reforms simplifying rate structures to 5 percent and 18 percent slabs.
Key Questions Answered
Revenue Secretary Arvind Shrivastava stated that the process reforms approved by the GST Council are likely to have a positive impact on government revenues.
Gross GST collections stood at Rs 2.03 lakh crore in September 2026, marking a 14.7 percent increase from the previous year, while net collections after refunds reached Rs 1.77 lakh crore.
The 56th GST Council meeting in September 2025 approved next-generation GST reforms that substantially simplified the rate structure, moving most goods and services toward 5 percent and 18 percent slabs effective September 22, 2025.
