India’s GST Collections Rise 14.7% to ₹2.04 Lakh Crore in September

India’s gross Goods and Services Tax collections rose 14.7% year-on-year to about ₹2.04 lakh crore in September 2026, keeping monthly GST revenue above the ₹2 lakh crore mark for the third consecutive month.

The latest figures show stronger revenue growth from both domestic economic activity and imports, while lower refund outflows contributed to an even sharper increase in net GST collections.

Domestic GST Revenue Rises 10.1%

Gross GST revenue from domestic transactions increased 10.1% to about ₹1.38 lakh crore in September, compared with roughly ₹1.25 lakh crore in the same month last year.

Revenue linked to imports grew faster, rising 25.9% to ₹65,525 crore. This sharp increase in import-related collections was one of the main drivers of the stronger overall GST performance during the month.

Gross GST collections therefore reached approximately ₹2.04 lakh crore, compared with around ₹1.77 lakh crore in September 2025.

Net GST Revenue Grows 18.1%

After accounting for refunds, net GST revenue rose 18.1% year-on-year to about ₹1.77 lakh crore.

The stronger increase in net revenue reflects both higher gross collections and the effect of refund outflows during the month. Net GST provides a clearer picture of the revenue ultimately retained after tax refunds are processed.

First-Half GST Collections Remain Strong

The September figures also strengthened GST revenue performance for the first half of FY2026-27.

Between April and September, gross GST revenue from imports rose 27.1% to ₹3.72 lakh crore, while domestic GST revenue increased 6.1% to ₹8.74 lakh crore. The contrast shows that import-linked tax receipts have been expanding significantly faster than collections from domestic transactions during the current financial year.

State-Level Performance Varies

GST growth was not uniform across states. Several states recorded strong year-on-year increases in domestic collections, while others reported weaker revenue during September.

Assam and Manipur were among the states showing strong growth, while Tamil Nadu, Uttarakhand and Jammu and Kashmir recorded declines in domestic GST collections. Such variations can reflect differences in local consumption, industrial activity, trade patterns and the timing of tax payments.

GST Base Continues to Expand

GST has become one of India’s most closely watched high-frequency economic indicators because it captures activity across consumption, manufacturing, services, trade and imports.

The tax base has also expanded considerably since GST was introduced in 2017. Government data show that the number of registered GST taxpayers increased from 66.5 lakh in 2017 to around 1.65 crore by May 2026.

September’s 14.7% increase, together with sustained monthly collections above ₹2 lakh crore, underlines the continued strength of India’s indirect tax revenues as the economy enters the second half of FY2026-27.

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References

Goods and Services Tax Network — GST Portal
https://www.gst.gov.in/

Press Information Bureau — Nine Years of GST: Simplifying Taxation, Strengthening India
https://www.pib.gov.in/PressNoteDetails.aspx?ModuleId=3&NoteId=159075

Moneycontrol — GST Collections Stay Above ₹2 Lakh Crore for Third Straight Month
https://www.moneycontrol.com/news/business/economy/gst-collections-stay-above-rs-2-lakh-crore-for-third-straight-month-growth-picks-up-to-14-7-14042622.html

Business Today — September GST Collections Rise 14.7% to ₹2.04 Lakh Crore
https://www.businesstoday.in/latest/economy/story/september-gst-collections-rise-14-7-to-rs2-04-lakh-crore-558985-2026-10-01

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