Enumerate the indirect taxes which have been subsumed in the Goods and Services Tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017.
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Write a timed answer in the appCurrent affairs to use in your answer
One year of two-slab GST: Finance Minister cites a wider base and higher collections · 5 October 2026 · Answers it directly · use it in the body
Use the 2025 rationalisation and the 2026 collection data to update the revenue implications of GST with current, specific figures.
- Gross GST for April to September 2026 was ₹12.46 lakh crore, up 11.6%, despite rates cut on 22 September 2025.
- State GST receipts, including IGST settlements, grew about 16% in April to September 2026, per government data.
- The 40% de-merit rate replaced the 28% plus compensation cess on most luxury and sin goods.
Also related
- 101st Amendment
Tests which taxes the 101st Amendment framework subsumed and how GST affected revenues.