GST collections rise 13.9% to US$ 20.68 billion in June
- IBEF
- July 2, 2026
India's gross Goods and Services Tax (GST) collections increased 13.9% year-on-year to Rs. 1.95 lakh crore (US$ 20.68 billion) in June 2026, reflecting continued strength in economic activity and tax compliance. According to provisional data released by the Ministry of Finance, net GST collections, after adjusting for refunds, rose 11.2% to Rs. 1.62 lakh crore (US$ 17.18 billion) from Rs. 1.46 lakh crore (US$ 16.52 billion) in June 2025. Growth was primarily driven by a 34.6% increase in GST revenues from imports, which reached Rs. 60,038 crore (US$ 6.36 billion), while GST collections from domestic transactions rose 6.5% to Rs. 1.35 lakh crore (US$ 14.28 billion). Refund disbursements also increased 29.1% to Rs. 32,436 crore (US$ 3.44 billion), supporting business liquidity while maintaining robust revenue growth.
During April-June FY27, gross GST collections reached Rs. 6.32 lakh crore (US$ 67.02 billion), registering an 8.4% increase over the corresponding period of the previous financial year. Domestic GST collections stood at Rs. 4.54 lakh crore (US$ 48.14 billion), while GST revenue from imports grew 26.2% to Rs. 1.77 lakh crore (US$ 18.77 billion). Net GST collections for the period amounted to Rs. 5.40 lakh crore (US$ 57.26 billion) after refunds of Rs. 91,482 crore (US$ 9.69 billion). Maharashtra continued to record the highest domestic GST collections at Rs. 30,714 crore (US$ 3.25 billion), followed by Karnataka and Gujarat, while Uttar Pradesh registered one of the strongest growth rates among major states. The sustained increase in GST collections reflects the growing maturity of India's tax framework, improved compliance and the continued expansion of formal economic activity.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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