India GST collections rise 15% to 2.11 lakh crore in July

India's Goods and Services Tax (GST) revenue surged to a 14-month high in July, crossing the 2 lakh crore mark for the second time in the current fiscal year. Data released on Saturday, August 1, 2026, showed gross collections reached 2.11 lakh crore, a 15.4 percent increase from the 1.83 lakh crore collected in July 2025. The figure also surpassed the 1.95 lakh crore collected in June 2026, indicating sustained economic momentum.

The impressive growth was primarily driven by a sharp 29 percent increase in import-related GST, which totaled 66,511 crore. Domestic GST revenue also remained robust, growing 10.1 percent to approximately 1.45 lakh crore. After accounting for refunds, net GST collections stood at 1.81 lakh crore, a 15.8 percent year-on-year rise. Net collections from imports jumped 30.3 percent to 54,223 crore.

Economists and tax experts cited the data as evidence of resilient domestic consumption and economic activity. M.S. Mani, a partner at Deloitte India, said the steady monthly growth in domestic GST collections indicates consumption is becoming largely insulated from seasonal variations and external challenges. He noted strong collection increases in major...