India's gross Goods and Services Tax (GST) collections rose 13.9% year-on-year to Rs 1,94,812 crore in June 2026, primarily driven by a 34.6% surge in import tax revenues. Net collections increased 11.2%, with Maharashtra leading state contributions, reflecting the tax system's growing resilience.
India's GST collections reached Rs 1.94 lakh crore in May 2026, a 3.2% increase year-on-year. Import revenues surged 19.1%, while domestic revenue declined 2.6%, indicating a shift in growth drivers.
India's gross GST collections surged to a record Rs 2.43 lakh crore in April 2026, an 8.7% year-on-year increase, driven by a 25.8% surge in import revenues to Rs 57,580 crore due to rupee depreciation and higher global oil prices. Net collections after refunds stood at Rs 2.11 lakh crore. While domestic revenues grew a modest 4.3% to Rs 1.85 lakh crore, experts note the divergence between import-led and domestic growth suggests some softness in discretionary consumption. The record collections follow GST 2.0 implementation from September 2025, which merged tax slabs to 5% and 18%.
India's gross GST collections hit a record Rs 2.43 lakh crore in April 2026, up 8.7% year-on-year, driven by a sharp 25.8% surge in import revenues. Net GST collections stood at Rs 2.11 lakh crore, with imports contributing significantly to the growth.
