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GST Collections Soar Above 2 Lakh Crore for Third Consecutive Month, Growth Hits 14.7%
M
Moneycontrol•01-10-2026, 11:35
GST Collections Soar Above 2 Lakh Crore for Third Consecutive Month, Growth Hits 14.7%
- •GST collections have exceeded 2 lakh crore for the third month in a row.
- •The growth in GST collections has accelerated to 14.7%.
Key Questions Answered
Gross GST collections in August 2026 rose by 14.8 percent year-on-year to reach about Rs 2 lakh crore, maintaining collections above the 2 lakh crore mark for the third consecutive month.
Goods and Services Tax revenue from domestic transactions grew by 9.3 percent to over Rs 1.37 lakh crore, while revenue from imports increased significantly by 29 percent to Rs 62,604 crore during August.
Net GST collection for August stood at Rs 1.68 lakh crore, marking an 8.3 percent year-on-year growth after accounting for refunds. Meanwhile, total refunds jumped 68 percent to reach Rs 31,795 crore during the month.
