GST collections cross ₹2 lakh crore in September, rise 14.7%
India’s gross GST collections rose 14.7% year-on-year to ₹2.04 lakh crore in September 2026, while net revenue jumped 18.1% to ₹1.77 lakh crore.
In September 2026, India's gross Goods and Services Tax (GST) revenue exceeded ₹2 lakh crore, marking a 14.7% increase compared to the same period in 2025. The revenue from September 2026 stood at ₹2,03,521 crore, compared to ₹1,77,365 crore in September 2025. Net GST revenue, after refunds, surged 18.1% to ₹1,76,520 crore in September 2026, from ₹1,49,517 crore in the previous year.
Experts credit the stronger growth in net revenue to a lower number of refunds, with refunds in September 2026 amounting to ₹27,001 crore, a 3% decrease from the previous year's ₹27,848 crore. Additionally, import-linked GST revenue rose by 25.9% to ₹65,525 crore, while domestic business activity-related GST revenue grew by 10.1% to ₹1,37,996 crore.
Tax experts suggest recalibrating certain production-linked incentive schemes to ensure that the benefits of these schemes are fully realized.
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