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India's September GST Collections Soar 14.7% to Rs 2.04 Lakh Crore
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Firstpost•01-10-2026, 11:41
India's September GST Collections Soar 14.7% to Rs 2.04 Lakh Crore
- •India's gross Goods and Services Tax (GST) collections surged 14.7% year-on-year to Rs 2,03,521 crore in September 2026, driven by higher domestic revenues and increased GST on imports.
- •Net GST revenue after refunds grew 18.1% to Rs 1,76,520 crore in September, compared to Rs 1,49,517 crore a year earlier.
- •Domestic GST revenue saw a 10.1% rise to Rs 1,37,996 crore, while GST revenue from imports recorded a sharper 25.9% increase to Rs 65,525 crore.
- •Total GST refunds declined 3% year-on-year to Rs 27,001 crore in September, with domestic refunds falling 13.5% and export-related refunds rising 10.2%.
- •For April-September 2026-27, gross GST collections increased 11.6% to Rs 12,46,278 crore, and net GST revenue rose 10.4% to Rs 10,66,116 crore.
Key Questions Answered
India's gross Goods and Services Tax (GST) collections rose 14.7 per cent year-on-year to Rs 2,03,521 crore in September 2026, driven by higher domestic revenues and a sharp increase in GST collected on imports.
Gross domestic GST revenue rose 10.1 per cent to Rs 1,37,996 crore in September 2026 compared to the previous year, while GST revenue from imports recorded a sharper increase of 25.9 per cent, reaching Rs 65,525 crore.
For the first six months of the financial year 2026-27 (April-September), gross GST collections rose 11.6 per cent to reach Rs 12,46,278 crore compared to Rs 11,17,088 crore in the corresponding period of 2025-26.
