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India's GST Collection Soars 14.7% to Rs 2.04 Lakh Crore in September 2026
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News18•01-10-2026, 12:08
India's GST Collection Soars 14.7% to Rs 2.04 Lakh Crore in September 2026
- •India's gross Goods and Services Tax (GST) revenue surged by 14.7% year-on-year, reaching Rs 2,03,521 crore in September 2026, driven by robust growth in both domestic transactions and imports.
- •Net GST revenue, after accounting for refunds, increased by 18.1% to Rs 1,76,520 crore in September 2026, compared to Rs 1,49,517 crore in September 2025.
- •A significant contributor to this growth was the 25.9% rise in GST collected on imports, totaling Rs 65,525 crore, while domestic GST revenue also saw a healthy 10.1% increase to Rs 1,37,996 crore.
- •The overall refund outgo decreased by 3% year-on-year to Rs 27,001 crore, with domestic refunds falling by 13.5%, which further boosted the net GST revenue growth.
- •For the first six months of the current fiscal year (April-September 2026), gross GST revenue stood at Rs 12,46,278 crore, marking an 11.6% increase from the corresponding period in 2025-26, with states like Maharashtra, Karnataka, and Gujarat showing strong growth.
Key Questions Answered
India's gross goods and services tax revenue rose 14.7% year-on-year to Rs 2,03,521 crore in September 2026 according to provisional government data.
Maharashtra led collections at Rs 29,986 crore with a 15% increase, while Karnataka grew 16% to Rs 13,884 crore, Gujarat rose 17% to Rs 12,222 crore, and Manipur posted a 145% increase.
Gross import revenue increased 25.9% to Rs 65,525 crore in September 2026 compared to Rs 52,031 crore in the previous year.
