India’s GST collections rise 13.9% to about Rs 1.95 lakh crore in June

GST revenue grows 13.9% in June, collections touch Rs 1.94 lakh crore

India's GST collections surged 13.9% to Rs 1.95 lakh crore in June 2026, fueled by a significant 34.6% jump in import tax revenues. This robust growth, despite global uncertainties, highlights the maturing and resilient nature of India's tax system. Increased refund disbursements also supported business liquidity, demonstrating improved tax administration and a predictable revenue framework.

2 hours ago

Import Surge Drives 13.9% Growth In GST Collections In June To ₹1.95 Lakh Crore

India’s Goods and Services Tax (GST) collections recorded their fastest growth in 13 months in June, reflecting a strong uptick in revenues driven primarily by higher taxes on imports.Gross GST collections rose 13.9% year-on-year to ₹1.95 lakh crore in June 2026, compared with ₹1.71 lakh crore in the same month last year. \The latest print also shows a significant improvement over May 2026, when collections had grown by just 3.2% year-on-year, highlighting a sharp recovery in monthly tax inflows.The June figure marks the strongest annual expansion since May 2025, when GST revenues had grown 16.4%.A key driver of the surge was import-related GST, which rose sharply by 34.6% year-on-year to ₹60,038 crore from ₹44,600 crore a year earlier. This indicates that external trade flows played a major role in boosting overall collections during the month.In contrast, domestic GST collections grew at a more modest pace of 6.5% to ₹1.35 lakh crore, suggesting that internal consumption and production activity contributed less to the overall increase compared to imports.After accounting for refunds, net GST revenue rose 11.2% year-on-year to ₹1.62 lakh crore. Next GST Council Meeting To Push Process Reforms, Tackle Inverted Duty Issues However, refund outflows remained high, increasing 29.1% to ₹32,436 crore, which partially offset the gains in gross collections.On a cumulative basis, GST revenues for the April–June 2026 quarter increased 8.4% year-on-year to ₹6.32 lakh crore on a gross basis, while net collections rose 7.1% to ₹5.40 lakh crore. This indicates a stable but uneven start to the fiscal year.At the state level, Uttar Pradesh led growth with a 19% rise in GST collections to ₹9,165 crore. Assam, Punjab, and Gujarat also posted healthy growth of 17%, 14%, and 12% respectively.Maharashtra, the largest GST contributor, recorded a 9% increase to ₹30,714 crore. Karnataka and Delhi reported growth of 10% and 8% respectively.However, some states underperformed. Rajasthan and Madhya Pradesh saw declines of 5% each, Tamil Nadu slipped 2%, while Jharkhand recorded a sharper 16% contraction in collections.Overall, the data points to strong import-led momentum in GST revenues, even as domestic growth remains relatively moderate.

2 hours ago

India's GST Collections Rise 13.9% YoY In June To Rs 1.94 Lakh Crore

Central GST came in at Rs 37,376 crore, up 8% year-on-year. State GST was Rs 45,116 crore, up 4%. Integrated GST from domestic transactions stood at Rs 52,282 crore, a 7% increase.

3 hours ago

June GST collections rise 13.9% to Rs 1.95L cr

India's gross Goods and Services Tax (GST) collections rose 13.9% year-on-year to Rs 1,94,812 crore in June 2026, compared with Rs 1,71,105 crore in the same month last year, according to provisional data released by the finance ministry on Wednesday. The increase was driven by higher domestic and import revenues.On a cumulative basis, gross GST collections in the April-June period of FY27 reached Rs 6,31,699 crore, an 8.4% increase over Rs 5,82,542 crore collected in the corresponding period last year.Also Read: How GST cuts triggered a rally for Indian businessesGross domestic GST revenue stood at Rs 1,34,774 crore in June, up 6.5% from Rs 1,26,506 crore a year earlier. Gross revenue from imports jumped 34.6% to Rs 60,038 crore against Rs 44,600 crore in June 2025.After accounting for refunds, net GST revenue increased 11.2% year-on-year to Rs 1,62,377 crore, compared with Rs 1,45,984 crore in June last year.During the month, the government issued total refunds of Rs 32,436 crore, up 29.1% from Rs 25,121 crore in June 2025.Domestic refunds rose 42.9% to Rs 17,767 crore, while refunds on imports through ICEGATE increased 15.6% to Rs 14,669 crore.On the tax components, Central GST (CGST) collections stood at Rs 37,376 crore, State GST (SGST) at Rs 45,116 crore, and Integrated GST (IGST) at Rs 1,12,320 crore, including Rs 60,038 crore collected on imports.Net GST revenue for the first quarter stood at Rs 5,40,218 crore, up 7.1% from Rs 5,04,187 crore in the year-ago period.The provisional data showed that cumulative gross domestic revenue during the quarter rose 2.8% to Rs 4,54,427 crore, while gross import revenue increased 26.2% to Rs 1,77,273 crore. Total refunds during the said period climbed 16.8% to Rs 91,482 crore.

3 hours ago