GST revenue rises to ₹2.03 lakh crore in September but share of domestic sources falls to all-time low
India's gross GST revenue reached ₹2.03 lakh crore in September 2026, marking a 14.7% year-on-year growth. However, the data reveals a shift in composition, with import-linked revenue hitting a record 32.2% share while domestic revenue growth slowed to 10.1%.
Why it matters
The shift toward import-driven tax revenue highlights changing consumption patterns and potential vulnerabilities in domestic economic activity.
The Centre’s gross Goods and Services Tax (GST) revenue rose to ₹2.03 lakh crore in September 2026, a growth of 14.7% over the last year. However, the data also points to a changing trend of where India is earning its GST revenue from.
An analysis of historical GST data shows the share of revenues from imports has risen to its highest-ever level, while the share of revenue from domestic transactions has correspondingly fallen to its lowest-ever level.
Over the first half of the financial year, spanning the April-September 2026 period, gross GST revenue grew at 11.6%.
“The increased focus on reducing complications and the increasing number of GST audits undertaken this year appear to be yielding results in the form of the gross monthly GST collection once again crossing the Rs 2 lakh crore mark,” M.S. Mani, partner at Deloitte India said.
Also covering this story
One other newsroom covered this event. We read that version too.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in