GST collections cross Rs 2 lakh crore again, rise 14.7% in September
India's gross Goods and Services Tax (GST) collections rose 14.7% in September to Rs 2.04 lakh crore, driven by strong domestic transactions and imports. Despite the growth, experts suggest further analysis is needed to determine if the import surge reflects raw material demand or finished goods.
Why it matters
GST collection figures serve as a primary indicator of India's economic health and domestic manufacturing strength.
India’s gross Goods and Services Tax (GST) collections once again crossed the Rs 2 lakh crore mark in September, rising 14.7% year-on-year to Rs 2.04 lakh crore, according to government data. The increase was driven by higher revenue from both domestic transactions and imports.Revenue from domestic transactions grew 10.1% to Rs 1.38 lakh crore in September 2026, compared with Rs 1.25 lakh crore in the corresponding month last year. GST revenue from imports, meanwhile, rose 25.9% year-on-year to Rs 65,525 crore from Rs 52,031 crore.Gross Integrated GST (IGST) collections increased to Rs 1.20 lakh crore during the month, against Rs 1.02 lakh crore in September 2025. Central GST collections stood at Rs 37,762 crore, while State GST collections were at Rs 45,363 crore.The rise in gross collections came even as GST refunds declined during the month.
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