GST collections jump 14.8% to record Rs 1.99 lakh crore in August
GST collections jump 14.8% to record Rs 1.99 lakh crore in August
Key Highlights
- 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 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, âA strong 14.8% growth in overall GST collections have added to the cheer of 7.8% growth in GDP in Q1.
- This collectively shows the robustness of the Indian economy despite geo-political conflicts and global economic uncertaintyâThe Central GST collection stood at Rs 38,413 crore, while State GST collections were Rs 46,316 crore, while integrated GST collections from domestic transactions stood at Rs 52,520 crore.Refunds, meanwhile, surged 67.9 per cent year-on-year to Rs 31,795 crore in August.
- Domestic refunds rose 72.6 per cent to Rs 18,490 crore, while export refunds processed through ICEGATE increased 61.8% to Rs 13,305 crore.After accounting for refunds, net domestic GST revenue grew 3.4 per cent to Rs 1,18,759 crore, while net customs revenue rose 22.3 per cent to Rs 49,299 crore.On a cumulative basis, gross GST revenue during the year so far has risen 11 per cent to Rs 10,42,757 crore in the corresponding period last year.
The Indian government has reported a significant surge in gross Goods and Services Tax (GST) revenue for the month of August 2026, with collections rising 8% year-on-year to Rs 1,99,853 crore.
This growth is driven primarily 3% rise to Rs 1,37,249 crore, compared to Rs 1,25,570 crore in the same month last year.
Imports also witnessed a notable increase, with revenue from imports rising
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"A strong 14.8% growth in overall GST collections is a positive sign for the Indian economy," said Abhishek Jain, Partner and National Head, Indirect Tax - KPMG in India. "This collective growth of 7.8% in GDP in Q1 indicates that despite geo-political conflicts and global economic uncertainty, our economy remains robust."
The Central GST collection stood at Rs 38,413 crore, while State GST collections were Rs 46,316 crore, with integrated GST collections from domestic transactions at Rs 52,520 crore.
However, refunds saw a substantial increase, surging 9% year-on-year to Rs 31,795 crore in August.
Domestic refunds rose 6% to Rs 18,490 crore, while export refunds processed through ICEGATE increased 8% to Rs 13,305 crore.
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After accounting for refunds, net domestic GST revenue grew 4% to Rs 1,18,759 crore, while net customs revenue rose 3% to Rs 49,299 crore.
On a cumulative basis, gross GST revenue has risen
The GST Council is scheduled to hold its 57th meeting in New Delhi on September 12, according to an office memorandum issued earlier.
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I write about the forces shaping business and the global economy, from startup growth and changing markets to international trade and policy. My work focuses on breaking down complex developments into clear, practical insights and understanding what they could mean for businesses, investors, and the wider economy.
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