GST Collections Cross ₹2.11 Lakh Crore in July 2026, Register 15.4% YoY Growth Led by Strong Import Revenues

India’s Goods and Services Tax (GST) collections witnessed a robust surge in July 2026, with the gross GST revenue touching ₹2,11,205 crore, marking a 15.4% year-on-year (YoY) increase compared to ₹1,83,065 crore collected in July 2025. The strong performance was driven by healthy domestic tax collections and a significant jump in GST revenues from imports, reflecting sustained economic activity and buoyant trade.

Gross GST Revenue Sees Double-Digit Growth

According to the provisional GST collection data released for July 2026, gross domestic GST revenue increased from ₹1,31,439 crore in July 2025 to ₹1,44,695 crore in July 2026, recording a growth of 10.1%. Meanwhile, GST collected on imports rose sharply by 28.8%, increasing from ₹51,626 crore to ₹66,511 crore during the same period. This pushed the total gross GST revenue to ₹2,11,205 crore, representing a healthy 15.4% annual growth.

The data further shows that during the current financial year (April-July 2026), cumulative gross GST collections stood at ₹8,42,905 crore, reflecting a 10.1% increase over the corresponding period of the previous financial year.

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Refunds Continue to Rise

GST refunds also witnessed substantial growth during July 2026. Total refunds amounted to ₹29,968 crore, compared to ₹26,495 crore in July 2025, reflecting an increase of 13.1%.

Domestic refunds increased by 7.3%, while export-related GST refunds processed through ICEGATE grew by 22.7%, indicating faster processing of exporters’ claims. During April-July 2026, cumulative refunds reached ₹1,21,448 crore, registering a 15.8% rise over the previous year.

Net GST Revenue Climbs Nearly 16%

After accounting for refunds, the Government’s net GST revenue stood at ₹1,81,237 crore in July 2026, compared with ₹1,56,570 crore in July 2025, reflecting a 15.8% increase.

The figures indicate that net domestic GST revenue grew by 10.5%, while net customs GST revenue surged by 30.3%, highlighting the significant contribution of import-related tax collections during the month.

State-Wise Performance Shows Mixed Trends

The state-wise domestic GST collection data reveals varied performance across States and Union Territories.

Among the major States:

Haryana recorded one of the highest growth rates at 25%.
Gujarat reported a strong 19% increase.
Telangana also registered 19% growth.
Punjab and Kerala each posted 16% growth.
Uttar Pradesh witnessed 15% growth.
Maharashtra, the largest contributor to GST revenues, recorded 13% growth.
Karnataka registered 12% growth.
Delhi posted an 8% increase.

However, several States experienced declines in domestic GST collections:

Himachal Pradesh (-22%)
Uttarakhand (-18%)
Puducherry (-17%)
Madhya Pradesh (-10%)
Andhra Pradesh (-5%)
Tamil Nadu (-1%)
Sikkim (-59%), which recorded the steepest decline among all States and UTs.

SGST Settlements Increase States’ Revenues

The report also highlights the impact of IGST settlements on State revenues.

Before settlement, States collectively recorded ₹47,881 crore in SGST collections during July 2026, representing 9% growth over the previous year. After accounting for the settlement of the SGST portion of IGST, the total amount credited to States increased to ₹97,270 crore, registering 13% growth.

Among the larger States after settlement:

Maharashtra received ₹18,529 crore.
Karnataka received ₹8,823 crore.
Gujarat received ₹8,418 crore.
Uttar Pradesh received ₹8,028 crore.
Tamil Nadu received ₹7,391 crore.

Four-Month Collections Reflect Stable Revenue Growth

For the period from April to July 2026, domestic GST collections stood at ₹5,99,121 crore, up 4.5% over the previous year, while import GST collections increased by 26.9% to ₹2,43,783 crore.

Consequently, the cumulative gross GST revenue reached ₹8,42,905 crore, whereas net GST revenue after refunds stood at ₹7,21,457 crore, reflecting an overall 9.2% increase compared with the same period of the previous financial year.

Provisional Figures

The GSTN has clarified that the figures released for July 2026 are provisional, and the final numbers may undergo minor revisions upon completion of reconciliation and finalisation.

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