GST collections cross Rs 2 lakh crore again, rise 14.7% in September
India's GST collections soared past Rs 2 lakh crore in September, showcasing a commendable increase. Revenue from local transactions saw a growth of 10.1%, significantly boosting total collections. Meanwhile, GST revenues linked to imports surged by 25.9%, leading to demands for a detailed evaluation of these statistics. Notable increases were reported by states like Maharashtra and Karnataka,…
India's gross Goods and Services Tax (GST) collections surpassed the Rs 2 lakh crore threshold in September, with growth of 14.7% compared to the same period last year, according to official figures. The increase was fueled by higher revenue from both domestic transactions and imports. Domestic transactions generated Rs 1.38 lakh crore in September, up 10.1% from Rs 1.25 lakh crore in September 2025.
Imports contributed Rs 65,525 crore, marking a 25.9% year-on-year rise. IGST collections stood at Rs 1.20 lakh crore, up from Rs 1.02 lakh crore in September 2025. Meanwhile, GST refunds declined by 3%, totaling Rs 27,001 crore. Abhishek Jain, indirect tax head at KPMG, noted the encouraging growth but emphasized the need to examine the sharp increase in import GST revenue, attributing it to potential stronger domestic manufacturing.
Net GST collections grew 18.1% year-on-year to Rs 1.77 lakh crore, with net domestic GST revenue up 13.5% to Rs 1.24 lakh crore. Maharashtra led among states, collecting Rs 29,986 crore in September, followed by Karnataka and Gujarat. The GST Council's upcoming meeting is seen as crucial for implementing reforms and sustaining the current momentum in tax collections.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
