Goods and Services Tax (GST)
GST Revenue: Key Updates
GST Revenue Overview – June 2026
GST Revenue Growth
India’s Goods and Services Tax (GST) collections remained strong in June 2026, with gross GST revenue rising to ₹1,94,812 crore, marking a 13.9% year-on-year (YoY) increase compared to ₹1,71,105 crore in June 2025. The growth was supported by steady domestic tax collections and a sharp increase in GST revenue from imports.
Gross domestic GST revenue stood at ₹1,34,774 crore, up 6.5% YoY, while GST collected on imports surged 34.6% YoY to ₹60,038 crore, reflecting stronger import activity. During the month, the government issued ₹32,436 crore in GST refunds, an increase of 29.1% over the previous year. After accounting for refunds, net GST revenue reached ₹1,62,377 crore, registering an 11.2% YoY growth.
For the first quarter of FY 2026–27 (April–June 2026), cumulative gross GST collections totalled ₹6,31,699 crore, an 8.4% increase over the corresponding period of the previous financial year. Net GST collections during the same period stood at ₹5,40,218 crore, up 7.1% YoY, indicating continued resilience in tax revenues despite higher refund outflows.
Overall Gross Collections
Total gross GST revenue for June 2026 was composed of three major components: CGST (₹37,376 crore), SGST (₹45,116 crore), and IGST (₹1,12,320 crore). These gross collections, before accounting for refunds, resulted in a total gross GST revenue of ₹1,94,812 crore, representing a 13.9% year-on-year increase over June 2025. The detailed tax-wise breakdown is presented in the table below.
| Tax component | Jun-25 (₹ Cr) | Jun-26 (₹ Cr) | Growth |
|---|---|---|---|
| CGST | 34,558 | 37,376 | +8.2% |
| SGST | 43,268 | 45,116 | +4.3% |
| IGST — domestic | 48,680 | 52,282 | +7.4% |
| IGST — imports | 44,600 | 60,038 | +34.6% |
| Total Gross GST Revenue | 1,71,105 | 1,94,812 | +13.9% |
Net Revenue After Refunds
After deducting total refunds of ₹32,436 crore (up 29.1% YoY), net GST revenue stood at ₹1,62,377 crore in June 2026, representing an 11.2% year-on-year increase compared with ₹1,45,984 crore in June 2025. The increase in refunds was driven by higher domestic and export refund disbursements, while net GST collections continued to record strong growth. The net revenue figures by tax component are presented below.
| Net component | Jun-25 (₹ Cr) | Jun-26 (₹ Cr) | Growth |
|---|---|---|---|
| Net CGST | 31,367 | 32,997 | +5.2% |
| Net SGST | 39,397 | 40,069 | +1.7% |
| Net IGST | 75,220 | 89,311 | +18.7% |
| Net Domestic Revenue | 1,14,073 | 1,17,007 | +2.6% |
| Net Customs Revenue (GST) | 31,911 | 45,370 | +42.2% |
| Total Net GST Revenue | 1,45,984 | 1,62,377 | +11.2% |
Refund analysis
Total GST refunds disbursed in June 2026 increased by 29.1% year-on-year to ₹32,436 crore, compared with ₹25,121 crore in June 2025. While higher refunds temporarily reduce net GST collections, they reflect efficient tax administration and improve liquidity for businesses by ensuring timely reimbursement of eligible input tax credits and export-related claims.
A closer look at the refund data shows broad-based growth across both domestic and export-related refunds. Domestic GST refunds increased 42.9% YoY to ₹17,767 crore, while export-related IGST refunds processed through ICEGATE rose 15.6% to ₹14,669 crore. The sharp rise in domestic refunds, along with continued growth in export refunds, indicates faster refund processing and sustained support for business cash flows, particularly for exporters.
| Refund category | Jun-25 (₹ Cr) | Jun-26 (₹ Cr) | Growth |
|---|---|---|---|
| Domestic — CGST | 3,191 | 4,379 | +37.2% |
| Domestic — SGST | 3,871 | 5,047 | +30.4% |
| Domestic — IGST | 5,371 | 8,341 | +55.3% |
| Refund – Domestic | 12,432 | 17,767 | +42.9% |
| Refund – Imports (ICEGATE) | 12,688 | 14,669 | +15.6% |
| Total Refund | 25,121 | 32,436 | +29.1% |
Outlook & Policy Implications
The strong 13.9% year-on-year growth in gross GST collections during June 2026 suggests that India’s indirect tax revenues remain on a healthy trajectory. Robust growth in GST on imports, along with steady domestic collections, points to resilient economic activity and improving tax compliance. At the same time, the significant increase in refund disbursements reflects faster processing of input tax credit and export refund claims, which supports business liquidity without undermining overall revenue growth. If this momentum continues, GST collections are likely to provide a stable revenue base for both the Central and State Governments during FY 2026–27.
Risks to Watch
Import-Led Revenue Growth: GST collections from imports increased 34.6% YoY in June 2026, substantially outpacing the 6.5% growth in domestic GST revenue. If import demand or the value of imports moderates in the coming months, overall GST revenue growth could slow.
Domestic Demand: Although headline GST collections remained strong, domestic GST revenue recorded only 6.5% growth, while net domestic revenue increased 2.6% after refunds. Future collections will depend on whether domestic consumption and business activity strengthen during the remainder of FY 2026–27.
Higher Refund Outflows: Total GST refunds rose 29.1% YoY, led by a 42.9% increase in domestic refunds. While timely refunds improve business liquidity and indicate efficient tax administration, sustained high refund outflows could moderate net GST revenue growth if gross collections weaken.
Commodity Price and Import Trends: Since GST on imports is collected on the value of imported goods, changes in global commodity prices and import volumes can significantly influence monthly GST collections. Monitoring these trends will remain important over the coming months.
Fiscal Space & Opportunity
Healthy GST collections strengthen the government’s fiscal position by providing a stable source of indirect tax revenue. Sustained revenue growth can create additional fiscal space for higher public investment in infrastructure, social welfare, healthcare, and capital expenditure while supporting the government’s fiscal deficit targets. Continued improvements in GST compliance and efficient tax administration also enhance revenue predictability, enabling better budget planning and stronger fiscal sustainability over the medium term.
GST Revenue: State/UT wise
Here is the chart and table containing the latest month’s GST revenue state-wise:
Top 5 States/UTs — Total GST Collection, June 2026
Bottom 5 States/UTs — Total GST Collection, June 2026
State-Wise GST Collections (Domestic GST Revenue)
| State / UT | Jun-25 (₹ Cr) | Jun-26 (₹ Cr) | YoY Change (%) | Notes |
|---|---|---|---|---|
| Jammu & Kashmir | 552 | 470 | -15% | Lower GST collections compared with last year |
| Himachal Pradesh | 895 | 661 | -26% | Sharp decline in domestic GST revenue |
| Punjab | 2,186 | 2,491 | 14% | Strong improvement in collections |
| Chandigarh | 215 | 229 | 7% | Moderate year-on-year growth |
| Uttarakhand | 1,688 | 1,334 | -21% | Noticeable decline in GST collections |
| Haryana | 9,237 | 10,065 | 9% | Strong collections among major states |
| Delhi | 5,527 | 5,987 | 8% | Healthy increase in GST revenue |
| Rajasthan | 4,380 | 4,173 | -5% | Slight decline from last year |
| Uttar Pradesh | 7,675 | 9,165 | 19% | One of the strongest increases among large states |
| Bihar | 1,528 | 1,600 | 5% | Stable year-on-year growth |
| Sikkim | 364 | 170 | -53% | Largest percentage decline among states |
| Arunachal Pradesh | 88 | 92 | 5% | Moderate increase |
| Nagaland | 83 | 88 | 6% | Slight improvement |
| Manipur | 40 | 64 | 62% | Highest growth among northeastern states |
| Mizoram | 30 | 32 | 7% | Modest increase |
| Tripura | 87 | 92 | 5% | Stable growth |
| Meghalaya | 170 | 163 | -4% | Marginal decline |
| Assam | 1,272 | 1,492 | 17% | Strong increase in GST collections |
| West Bengal | 5,031 | 5,082 | 1% | Collections remained broadly stable |
| Jharkhand | 2,428 | 2,033 | -16% | Lower GST collections than last year |
| Odisha | 4,202 | 4,497 | 7% | Healthy year-on-year growth |
| Chhattisgarh | 2,591 | 2,760 | 7% | Moderate increase |
| Madhya Pradesh | 3,174 | 3,022 | -5% | Slight decline |
| Gujarat | 10,491 | 11,743 | 12% | Third-highest GST collections in June 2026 |
| Dadra & Nagar Haveli and Daman & Diu | 410 | 400 | -2% | Collections largely unchanged |
| Maharashtra | 28,248 | 30,714 | 9% | Highest GST collections among all states |
| Karnataka | 11,785 | 12,937 | 10% | Second-highest GST collections |
| Goa | 547 | 604 | 11% | Continued double-digit growth |
| Lakshadweep | 1 | 2 | 59% | High growth on a very small base |
| Kerala | 2,850 | 3,159 | 11% | Healthy increase in GST revenue |
| Tamil Nadu | 9,963 | 9,776 | -2% | Slight decline compared with June 2025 |
| Puducherry | 240 | 172 | -28% | Sharp decline from last year |
| Andaman & Nicobar Islands | 32 | 49 | 53% | Strong growth on a small base |
| Telangana | 4,548 | 5,050 | 11% | Healthy increase in GST collections |
| Andhra Pradesh | 3,378 | 3,548 | 5% | Moderate year-on-year growth |
| Ladakh | 28 | 26 | -7% | Slight decline |
| Other Territory | 228 | 306 | 35% | Significant increase from a low base |
| Center Jurisdiction | 317 | 524 | 65% | Highest growth among reporting jurisdictions |
| Grand Total | 1,26,506 | 1,34,774 | 7% | Overall domestic GST collections increased year-on-year |
GST Collection: MoM
GST Collection - Month Wise
| Month | Gross GST Collection (₹ Cr) | Total Refunds (₹ Cr) | Net GST Revenue (₹ Cr) |
|---|---|---|---|
| Jun-26 | 1,94,812 | 32,436 | 1,62,377 |
| May-26 | 1,94,184 | 27,281 | 1,66,904 |
| Apr-26 | 2,42,702 | 31,793 | 2,10,909 |
| Mar-26 | 2,00,064 | 22,074 | 1,77,990 |
| Feb-26 | 1,88,828 | 22,746 | 1,66,083 |
| Jan-26 | 1,99,324 | 22,811 | 1,76,514 |
| Dec-25 | 1,79,101 | 29,289 | 1,49,812 |
| Nov-25 | 1,75,032 | 18,940 | 1,56,092 |
| Oct-25 | 1,95,936 | 26,925 | 1,69,011 |
| Sep-25 | 1,89,017 | 28,637 | 1,60,379 |
| Aug-25 | 1,86,315 | 19,347 | 1,66,969 |
| Jul-25 | 1,95,735 | 27,140 | 1,68,595 |
| Jun-25 | 1,84,597 | 25,284 | 1,59,312 |
| May-25 | 2,01,050 | 27,206 | 1,73,845 |
| Apr-25 | 2,36,716 | 27,341 | 2,09,376 |
About GST
Overview
The Goods and Services Tax (GST) is a comprehensive, destination-based indirect tax introduced in India on 1 July 2017. It replaced multiple central and state indirect taxes, including excise duty, VAT, and service tax, to create a unified national market. GST is levied on the supply of goods and services through a value-added tax system with input tax credit, helping reduce the cascading effect of taxes and improving tax compliance.
Recent Reforms (Effective from September 22, 2025)
GST rates were rationalized from 22 September 2025 to simplify the tax structure and reduce compliance complexity. The revised framework includes:
- 0%: Essential goods and selected healthcare and education-related supplies.
- 5%: Everyday goods and services, including many food products, garments, and footwear.
- 18%: Standard rate applicable to most goods and services.
- 40%: Luxury and selected sin goods.
The reforms removed the previous 12% and 28% slabs, simplifying the GST rate structure while retaining higher taxation for luxury and sin goods.
FAQs
The GST, or Goods and Services Tax, is a comprehensive indirect tax applied at multiple stages on the sale of goods and services throughout India, replacing several former taxes such as VAT, excise duty, and service tax, and is destination-based.
Central GST (CGST) is imposed by the central government on supplies within the same state, while State GST (SGST) is charged by the state government on similar intra-state transactions. Conversely, Integrated GST (IGST) is administered by the central government for supplies that cross state boundaries.
This constitutional body proposes GST legislation, tax rates, exemptions, and methods for resolving disputes, with participation from representatives of both central and state governments.
The introduction of GST in India has led to numerous notable advantages, including the establishment of a unified national market by merging many central and state taxes into one. This consolidation has diminished the cascading or double taxation effect, benefiting both businesses and the economy. Lower indirect tax rates enhance the competitiveness of Indian products both in domestic and international markets.
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Important
If you notice any discrepancies in the data or find any inaccuracies, please let us know. We will review and correct them as soon as possible.
