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Nine Years of GST: Average Tax Rate Falls to 12.8%, Monthly Collections Hit Rs 1.1 Lakh Crore
Times of India·Wednesday, 1 July 2026
India's GST completes nine years, with the average tax rate dropping to 12.8% from where it started. Monthly GST revenue has climbed to Rs 1.1 lakh crore. The rate cuts are credited with giving a boost to consumer spending.
Why It Matters
GST affects the price of almost everything you buy. Lower rates mean cheaper goods, and higher collections mean the government has more money for public spending.
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