India’s Goods and Services Tax (GST) collections reached ₹2,00,064 crore in March 2026, marking one of the highest monthly revenue figures in recent years. This represents an 8.8% increase compared with March last year, signaling continued economic activity as the country closes the financial year.
The growth comes from both domestic sales and imports. Domestic GST rose by about 5.9%, while GST from imports jumped 17.8%, reflecting higher trade volumes. Net collections, which is the revenue retained by the government after refunds, stood at ₹1.78 lakh crore, up 8.2% year-on-year. Total GST refunds paid in March increased by nearly 14%, slightly reducing net receipts but supporting businesses.
For the full 2025‑26 fiscal year, gross GST collections reached around ₹22.27 lakh crore, up 8.3% from the previous year. Officials say this steady growth shows better tax compliance, robust consumer demand, and strong business activity across sectors.
Economists noted that the sharp rise in import-related GST indicates expanding trade, while the rise in domestic collections points to healthy consumer spending. The performance also comes after recent adjustments in GST rates under reform efforts, which could have affected monthly collections earlier in the year.
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