Net GST collection up 7.1% in FY26

Indias Goods and Services Tax (GST) collections rose above the Rs 2 lakh crore mark in March 2026, recording a robust year-end push in economic activity and compliance. Gross GST collections for March stood at Rs 2,00,064 crore, while net collectionsafter refunds, came in at Rs 1,77,990 crore. For the financial year FY26 (AprilMarch), gross GST revenues rose to Rs 22.27 lakh crore, marking an 8.3% increase over Rs 20.55 lakh crore recorded in FY25. Net GST collections for FY26 came in at Rs 19.34 lakh crore, up 7.1% compared to Rs 18.07 lakh crore in the previous fiscal year.