India’s effective Goods and Services Tax (GST) rate has declined to 10.84% even as the tax base continues to expand, according to the latest figures.
Taxable supply has risen 25.8%, while GST revenue grew 11% in FY2026-27, indicating broader compliance and higher collections despite the lower effective rate.
The latest data suggests that the indirect tax system is seeing wider coverage of transactions, even as the overall rate trend remains downward.
Source / Attribution: NDTV Profit
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Anup Bagchi
