GST collections jump 14.8% to record Rs 1.99 lakh crore in August
India's gross GST revenue reached a record Rs 1.99 lakh crore in August 2026, marking a 14.8% year-on-year increase. The growth was driven by strong domestic transactions and a significant rise in import-related revenue.
Why it matters
The record collection signals continued economic resilience and robustness in the Indian economy despite global uncertainties.
NEW DELHI: The gross Goods and Services Tax (GST) revenue rose 14.8 per cent year-on-year to Rs 1,99,853 crore in August 2026, according to provisional government data released on Tuesday.Net GST revenue for the month, after refunds, increased 8.3 per cent year-on-year to Rs 1,68,057 crore from Rs 1,55,181 crore a year ago.The rise in gross collections was driven by both domestic transactions and imports. Gross revenue from domestic transactions grew 9.3 per cent to Rs 1,37,249 crore in August, compared with Rs 1,25,570 crore in the same month last year.Revenue from imports saw a sharper increase, rising 29 per cent to Rs 62,604 crore from Rs 48,546 crore a year earlier.Abhishek Jain, Partner and National Head, Indirect Tax - KPMG in India, said, “A strong 14.8% growth in overall GST collections have added to the cheer of 7.8% growth in GDP in Q1.
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