The GST collection surged 8.7 per cent (year-on-year) to a record INR 2,42,702 crore in the month of April despite geo-political uncertainties.
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NEW DELHI — The gross Goods and Services Tax (GST) collection surged 8.7 per cent (year-on-year) to a record INR 2,42,702 crore in the month of April despite geo-political uncertainties, latest official data showed on Friday.
Net GST revenue for last month stood at INR 2,10,909 crore, registering a 7.3 per cent annual growth (after accounting for refunds).
Total refunds jumped 19.3 per cent (on-year) to INR 31,793 crore, leading to a net GST revenue of INR 2,10,909 crore for the month.
The growth was supported by strong import-linked revenues.
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Gross import revenue rose 25.8 per cent to INR 57,580 crore, while gross domestic revenue went up 4.3 per cent to INR 1.85 lakh crore.
In March, the total gross GST collections grew 8.8 per cent to over INR 2 lakh crore as compared to the same month last year. The total gross GST revenue in March 2025 was over INR 1.83 lakh crore.
For the full financial year 2025-26, gross GST collections grew 8.3 per cent to INR 22.27 lakh crore, compared to INR 20.55 lakh crore in the previous fiscal (FY25), indicating resilient economic activity despite global uncertainties.
Moreover, net GST revenue for the fiscal stood at INR 19.34 lakh crore, registering a 7.1 per cent increase over FY25.
Refunds during March rose 13.8 per cent to INR 22,074 crore, with domestic refunds seeing a sharp 31.2 per cent jump, indicating improved compliance and faster processing.
Meanwhile, cess collections showed a sharp decline during the month, turning negative at INR (-177) crore, primarily due to higher refunds and adjustments.
According to experts, GST collections in FY26 reflect strong tax buoyancy in line with India’s estimated GDP growth of around 7 per cent, underscoring the link between rising consumption, expanding imports and improved compliance.