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GST Collections Soar Above ₹2 Lakh Crore for Third Straight Month, Growth Hits 14.7%
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Moneycontrol•01-10-2026, 11:50
GST Collections Soar Above ₹2 Lakh Crore for Third Straight Month, Growth Hits 14.7%
- •India's gross Goods and Services Tax (GST) collections exceeded ₹2 lakh crore for the third consecutive month in September, reaching ₹2.04 lakh crore.
- •The year-on-year growth in GST collections accelerated to 14.7% in September, up from 14.3% in August.
- •A significant driver of this growth was a 25.9% increase in GST revenue from imports, totaling ₹65,525 crore.
- •Domestic GST revenue also saw a healthy rise of 10.1%, contributing ₹1.38 lakh crore to the total.
- •Net GST revenue experienced an even faster growth of 18.1%, reaching ₹1.77 lakh crore, partly due to a decline in refunds.
Key Questions Answered
India's gross Goods and Services Tax collections reached Rs 2.04 lakh crore in September 2026, marking a 14.7 percent year-on-year increase and staying above the Rs 2 lakh crore mark for the third consecutive month.
During the April-September 2026 period, gross GST collections grew by 11.6 percent to reach Rs 12.46 lakh crore compared to Rs 11.17 lakh crore in the corresponding period of the previous financial year.
The September increase was supported by a sharp 25.9 percent year-on-year rise in gross GST revenue from imports, which climbed to Rs 65,525 crore, alongside a 10.1 percent growth in domestic GST revenue.
