GST Collections Soar 14.7% to Rs2.04 Lakh Crore in September, Highest in Five Months

Forbes India•01-10-2026, 12:37

•Gross GST collections reached Rs2.04 lakh crore in September, marking a 14.7 percent year-on-year increase and the highest in five months.
•Net GST revenue grew faster at 18.1 percent to Rs1.77 lakh crore, as refunds decreased by 3 percent to Rs27,001 crore.
•Imports fueled the surge, with gross revenue from imports jumping 25.9 percent to Rs65,525 crore, outperforming domestic revenue growth.
•For April-September, gross collections increased by 11.6 percent to Rs12.46 lakh crore, while net collections rose 10.4 percent to Rs10.66 lakh crore.
•Maharashtra led state contributions with Rs29,986 crore (up 15%), while Assam saw an impressive 88 percent surge to Rs2,415 crore.

Gross GST collections rose 14.7 percent year-on-year to Rs 2.04 lakh crore in September, which marks the highest collection in five months.

Maharashtra remained the largest contributor among states with Rs 29,986 crore, representing a 15 percent increase.

Gross revenue from imports jumped 25.9 percent to Rs 65,525 crore, significantly outpacing the 10.1 percent growth in domestic revenue.