GST at 10: AI-led compliance, two-tier 5/18% slabs lift retail consumption
As GST enters year 10, the Sept 2025 rate rationalisation to 5/18% (40% for sin goods) is cutting prices and aiding retail demand. FY26 collections averaging Rs 1.85 lakh crore monthly (Rs 22.27 lakh crore, +8.3% YoY) signal a broader, AI-enabled compliance push across 1.6 crore taxpayers.
As GST enters its 10th year, focus shifts to AI-led compliance, faster refunds and process simplification. The Sept 2025 rate rationalisation to a two-tier 5/18% structure (40% for sin goods) has reduced prices, benefiting retail consumption.
Why this matters
Follows Deloitte's GST@9 survey showing 99% industry acceptance but flagging refund delays for 77% of businesses, and the Kolkata 57th GST Council meet where GST 2.0 reforms were tabled.
Retail-brand theme steady with 2,015 signals in the last 90 days.