New Delhi

Ministry of Finance India data shows that India’s gross GST collections surged to ₹2,00,064 crore in March 2026, registering an 8.8 per cent year-on-year increase from ₹1,83,845 crore in the same month last year.

The milestone marks a strong close to the financial year, reflecting improved compliance and sustained economic activity across sectors.

For the full financial year 2025–26, gross GST revenue stood at ₹22.27 lakh crore, up 8.3 per cent from ₹20.55 lakh crore in FY25. Net GST collections for FY26 reached ₹19.34 lakh crore, recording a 7.1 per cent annual growth despite higher refunds.

A key driver of March’s growth was import-related GST, which rose sharply by 17.8 per cent year-on-year. In contrast, domestic GST revenue grew at a steady pace of 5.9 per cent to ₹1.46 lakh crore, indicating stable internal consumption.

Integrated GST (IGST) collections witnessed robust expansion, touching ₹1.06 lakh crore, largely fuelled by increased imports. Central GST (CGST) and State GST (SGST) also posted moderate gains, pointing to balanced tax growth across both central and state components.

Meanwhile, GST refunds increased 13.8 per cent year-on-year to ₹22,074 crore in March. After accounting for refunds, net GST revenue for the month rose 8.2 per cent to ₹1.77 lakh crore.

State-wise trends showed varied performance. Maharashtra, Karnataka, and Telangana recorded strong SGST growth of 17 per cent, 14 per cent, and 19 per cent respectively. However, states such as Tamil Nadu and Assam witnessed declines of 8 per cent and 15 per cent.

READ MORE: Aneesa Sayyad: The ‘Golden Girl’ of Indian shooting

The March figures, crossing the ₹2 lakh crore mark, underline India’s improving tax buoyancy, stronger compliance mechanisms, and resilience in economic activity, particularly supported by rising imports and steady domestic demand.