FY26 GST Revenue Set to Surpass Budget Estimates, SBI Report Predicts States Will Remain Net Gainers Despite Rate Rationalisation
India’s Goods and Services Tax (GST) collections for the financial year 2025–26 (FY26) are projected to exceed the Union Budget’s revenue targets, according to a recent report by SBI Research. The report attributes this optimistic outlook to the robust performance of the Indian economy, improved compliance, and the successful implementation of GST 2.0, which introduced…