New Delhi, April 01: India’s Goods and Services Tax (GST) collections rose 8.8% year-on-year to ₹2,00,064 crore in March 2026, supported by steady domestic revenues and a sharp rise in import-related collections, according to official data.
Growth during the month was led by a 17.8% increase in revenues from imports, while domestic collections recorded a moderate 5.9% rise, indicating sustained consumption trends amid global uncertainties.
On a net basis, after adjusting for refunds, GST collections grew 8.2% to ₹1,77,990 crore. Refunds during the month increased 13.8% to ₹22,074 crore, with domestic refunds surging over 31%, reflecting improved compliance and faster processing.
For the full financial year 2025–26, gross GST collections rose 8.3% to ₹22.27 lakh crore, while net collections grew 7.1% to ₹19.34 lakh crore, underscoring stable revenue growth and fiscal resilience.
Import-driven collections continued to outperform, rising 14.1% during the year, compared to 6.4% growth in domestic revenues, pointing to robust trade flows and demand conditions.
Despite higher refunds moderating net growth, the overall trend indicates strong tax buoyancy aligned with India’s GDP growth trajectory of around 7%, reinforcing the country’s macroeconomic stability.
GST collections have remained above ₹1.7 lakh crore for 12 consecutive months, highlighting sustained momentum in economic activity and improved tax compliance.
