While net GST collections, after adjusting for refunds, increased to ₹1.62 trillion, gross GST collections rose to ₹1.95 trillion
GST collections rose 13.9 per cent to about Rs 1.95 lakh crore in June, government data showed on Wednesday. Gross collections from domestic transactions were up 6.5 per cent to about Rs 1.35 lakh crore, while import revenues rose 34.6 per cent to Rs 60,038 crore. Total refunds were up 29.1 per cent at Rs 32,436 crore in June. After adjusting refunds, net collection grew 11.2 per cent to over Rs 1.62 lakh crore in June.
As GST completes nine years, the Centre highlights stronger revenues and wider tax coverage, while experts seek reforms to reduce litigation, simplify compliance and ease working capital pressures
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
Economy wrap April 27-May 3: India's economy showed mixed signals this week as GST collections hit a record, credit growth slowed and policy moves spanned FDI, trade, energy and statistical reforms
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.
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.
In absolute numbers, the net GST revenue is the third highest in the last six months after January at ₹1.70 trn and October at ₹1.69 trn
Gross GST collection increased 8.1 per cent to over Rs 1.83 lakh crore in February, led by higher growth in revenues from imports. Gross domestic revenue rose 5.3 per cent to about Rs 1.36 lakh crore, while gross import revenue climbed 17.2 per cent to Rs 47,837 crore. Total refunds were up 10.2 per cent at Rs 22,595 crore. Total net Goods and Services Tax (GST) collection stood at over Rs 1.61 lakh crore, up 7.9 per cent year-on-year. Net cess revenue was Rs 5,063 crore, down from Rs 13,481 crore in February last year.
Gross GST collections rose 6.1 per cent to over Rs 1.74 lakh crore in December 2025, on slow growth in revenues from domestic sales following the sweeping tax cuts, according to government data released on Thursday. Gross Goods and Services Tax (GST) revenue in December 2024 was over Rs 1.64 lakh crore. Gross revenue from domestic transactions rose 1.2 per cent to over Rs 1.22 lakh crore, while revenues from imported goods were up 19.7 per cent at Rs 51,977 crore during December, 2025. Refunds were up 31 per cent to Rs 28,980 crore in December. Net GST revenues (after adjusting refunds) stood at over Rs 1.45 lakh crore, up 2.2 per cent year-on-year. Cess collection last month dipped to Rs 4,238 crore, as against Rs 12,003 crore collected in December 2024. Effective September 22, 2025, GST rates on about 375 items were slashed, making goods cheaper. Also, a compensation cess levy is levied only on tobacco and related products, as against luxury, sin and demerit goods earlier. The
UP's finance minister Suresh Khanna says disciplined spending, revenue surpluses and rising capex have helped India's most populous state maintain fiscal stability while expanding infrastructure
The GST Compensation Cess collections slipped a sharp 69.06 per cent to ₹4,006 crore from nearly ₹13,000 crore a year ago
In August and September, collections were relatively subdued at ₹1.86 trillion and ₹1.89 trillion, respectively
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
Net GST collections had risen 10.7 per cent in August, aided by a 20 per cent decline in refunds during the month
Hotels face GST demands as authorities flag underpayment on restaurant services linked to room tariffs above ₹7,500
A simplified GST structure will help all stakeholders. The government expects that lower GST rates, along with income-tax relief, will boost consumption
Opposition-ruled states warn of steep annual losses; Centre assures higher consumption will offset revenue hit
Multiplexes want GST reforms on tickets and F&B, along with single-window clearance, to make cinema more affordable and help boost screen growth to 10 per cent annually
RBI will conduct an overnight variable rate repo auction to infuse Rs 50,000 crore into the banking system, easing tightness from GST outflows and maturing VRRR amounts