GST Collections Reach Record Levels; Data Released by Centre

Goods and Services Tax (GST) collections in the country have recorded a significant increase. In March, collections rose by 8.8% to reach approximately ₹2 lakh crore. Government data indicates that this growth was driven by higher domestic sales and increased imports. In comparison, GST collections in March of the previous year stood at ₹1.83 lakh crore.

Revenue from domestic transactions grew by 5.8% to ₹1.46 lakh crore, while collections from imports saw a sharper rise of 17.8%, reaching ₹53,861 crore. These two factors together played a key role in boosting overall GST revenues.

After adjusting for refunds, the net GST collections stood at ₹1.78 lakh crore, according to the central government. For the financial year 2025–26, total GST collections have been reported at ₹22.27 lakh crore, reflecting an overall growth of 8.3%.