GST Collections Rise 8.8% To Over ₹2 Lakh Crore In March 2026
India’s gross Goods and Services Tax (GST) collections grew 8.8 per cent year-on-year to over Rs 2 lakh crore in March 2026. Domestic revenues increased 5.9 per cent to over Rs 1.46 lakh crore, while import revenues jumped 17.8 per cent to Rs 53,861 crore. After refunds of Rs 22,074 crore, net GST stood at about Rs 1.78 lakh crore, up 8.2 per cent. Gross collections rose 8.3 per cent.
India’s gross Goods and Services Tax (GST) collections grew 8.8 per cent year-on-year to over Rs 2 lakh crore in March 2026. |
New Delhi: Gross GST collections grew 8.8 per cent to over Rs 2 lakh crore in March, aided by tax mop-ups from domestic sales as well as imports, government data showed on Wednesday. The gross Goods and Services Tax (GST) mop-up was Rs 1.83 lakh crore in March, 2025. Gross domestic revenues rose 5.9 per cent to over Rs 1.46 lakh crore, while those from imports grew 17.8 per cent to Rs 53,861 crore.
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Refund issuance during March rose 13.8 per cent to Rs 22,074 crore, the latest data showed. After adjusting refunds, net GST revenues stood at about Rs 1.78 lakh crore, up 8.2 per cent year-on-year. Gross GST revenue for the full 2025-26 (April-March) fiscal recorded a growth of 8.3 per cent to over Rs 22.27 lakh crore. Net revenues, after adjusting for refunds, grew 7.1 per cent to Rs 19.34 lakh crore in FY26.
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