GST Collections

Net GST revenue rose 3.3 per cent year-on-year in May, supported by strong import-linked collections, while adjusted gross revenue growth stood at 9 per cent

Gross GST collections rose 3.2 per cent to over Rs 1.94 lakh crore in May on improved supplies of goods and services, and continued expansion of collection from imports, government data showed on Monday. Gross GST collection stood at Rs 1.88 lakh crore in May, 2025. Gross Central GST (CGST) collection from domestic transactions during the reported month stood at Rs 37,397 crore, State GST (SGST) at Rs 45,143 crore and Integrated GST (IGST) at Rs 51,990 crore. Taxable supplies of goods grew 26.9 per cent during the reported period, reflecting domestic demand, while the same for the services sector grew 22.2 per cent, demonstrating structural resilience in domestic consumption. IGST collection from imports rose 19.1 per cent during May to Rs 59,654 crore, signalling expansion in industrial capacity. Goods and Services Tax (GST) refunds grew 2.6 per cent to Rs 27,281 crore. After adjusting refunds, net GST revenues in May rose 3.3 per cent to about Rs 1.67 lakh crore. GST mop-up in

GST collections growth slowed to a five-year low in FY26, with import revenues outpacing domestic demand, rising refunds, and uneven state performance signalling deeper structural shifts

Gross GST collection rose 8.7 per cent in April to a record of about Rs 2.43 lakh crore in April, government data showed on Friday. The previous all-time high collection was recorded in April last year at over Rs 2.23 lakh crore. Gross revenues from domestic transactions were up 4.3 per cent to over Rs 1.85 lakh crore, while GST mop-up from imports rose by a massive 25.8 per cent to Rs 57,580 crore in April 2026. Refunds were up 19.3 per cent to Rs 31,793 crore during April. After adjusting refunds, net Goods and Services Tax (GST) mop-up was up 7.3 per cent to about Rs 2.11 lakh crore.

Net GST collections rose 8.2 per cent year-on-year to ₹1.78 trillion in March, supported by strong import growth, steady compliance, and rising domestic consumption trends

Gross GST collections grew 8.8 per cent to over Rs 2 lakh crore in March, aided by tax mop-ups from domestic sales as well as imports, government data showed on Wednesday. The gross Goods and Services Tax (GST) mop-up was Rs 1.83 lakh crore in March, 2025. Gross domestic revenues rose 5.9 per cent to over Rs 1.46 lakh crore, while those from imports grew 17.8 per cent to Rs 53,861 crore. Refund issuance during March rose 13.8 per cent to Rs 22,074 crore, the latest data showed. After adjusting refunds, net GST revenues stood at about Rs 1.78 lakh crore, up 8.2 per cent year-on-year. Gross GST revenue for the full 2025-26 (April-March) fiscal recorded a growth of 8.3 per cent to over Rs 22.27 lakh crore. Net revenues, after adjusting for refunds, grew 7.1 per cent to Rs 19.34 lakh crore in FY26.

Government says no formal study has assessed GST rate rationalisation's inflation impact; GST revenue rose 8.1% in February, with rural consumption showing strong gains

The Budget has largely eschewed political populism, even as several states are to go for Assembly elections in the coming months

Gross GST collections rose 6.2 per cent to over Rs 1.93 lakh crore in January, mainly on higher revenues from imports, sources said on Sunday. Total refunds declined 3.1 per cent to Rs 22,665 crore. Net Goods and Services Tax (GST) revenues, however, grew 7.6 per cent to about Rs 1.71 lakh crore in January. Cess collection (from tobacco products) in January stood at Rs 5,768 crore. This compares to Rs 13,009 crore in collections in January last year when a cess was levied on luxury, sin and demerit goods such as cars, and tobacco products. Effective September 22, 2025, GST rates on about 375 items were slashed, making goods cheaper. Also, a compensation cess is levied only on tobacco and related products, as opposed to luxury, sin and demerit goods earlier. The lowering of GST rates has impacted revenue collections. Gross tax collections from domestic transactions grew 4.8 per cent to Rs 1.41 lakh crore, while import revenues were up 10.1 per cent to Rs 52,253 crore in January.

Net GST revenues rose just 2.2% in December 2025, the slowest pace in a year, as weak domestic demand and high refunds offset stronger import-led collections

Govt hikes excise on tobacco, levies pan masala cess amid tepid GST growth, raising concerns over divisible pool

The GST Compensation Cess collections slipped a sharp 69.06 per cent to ₹4,006 crore from nearly ₹13,000 crore a year ago

Torrent Pharmaceuticals Ltd on Friday said the central GST authority has imposed a penalty of over Rs 41 crore on the company for alleged erroneous refund on export of goods. The Joint Commissioner, Common Adjudicating Authority, Central GST, Ahmedabad South Commissionerate passed an order imposing a penalty of Rs 41,33,84,165, Torrent Pharmaceuticals Ltd said in a regulatory filing. The order dated November 26, 2025 alleges erroneous refund by department on export of goods, it added. The company further said based on its assessment, an appeal will be filed and is hopeful of favourable outcome and does not reasonably expect the order to have any material financial impact on it.

Twenty of India's 36 states and UTs saw GST revenue decline in October 2025 - the weakest month of FY26 - as businesses adjusted to the GST 2.0 rate cuts implemented in late September

Finance Minister Nirmala Sitharaman on Friday said GST officers should be polite and empathetic in dealing with honest taxpayers and asked them to use technology for faster registration approvals and grievance redressal. She also asked field formations to "proactively" undertake trade facilitation measures. "There is no iron wall between you and trader, there is thin air. You can understand where the difficulty is, rather than muddy it up any further," she said. Speaking at the inauguration of the CGST building in Ghaziabad, the minister flagged the need for timely conclusion of any disciplinary proceedings against officers of Central Board of Indirect Taxes and Customs (CBIC). This would send a clear message from the CBIC board that any misconduct, dereliction of duty or unethical behaviour by officers will not be tolerated. She said the ultimate goal of tax administration is to make life easy for honest taxpayers and to do that GST officers should follow the laid down SoP and sho

Maharashtra, Karnataka, Gujarat, Tamil Nadu and Haryana contributed over 40 per cent of GST revenues in Apr-Sep FY26, with Maharashtra leading at ₹31,830 crore monthly

However, while evaluating the GST reforms, the fundamental goal must not be forgotten. It was to raise the GST tax-to-GDP ratio by widening the tax base, by improving compliance

The Finance Ministry has asked CPSEs to discontinue the practice of spending on Diwali and festive gifts to ensure judicious utilisation of public resources and fiscal discipline

S&P Global Ratings analysts say that the GST rationalisation reforms could boost India's fiscal revenues over the long term due to simpler implementation and clearer accounting processes

Nathealth urges the government to cap GST input slabs for healthcare at 5% and allow input credits, citing rising embedded taxes that increase costs for providers and patients