India's GST Hits Record Rs 2.43 Lakh Crore in April

India's goods and services tax collections reached a record high of Rs 2.43 lakh crore in April 2026, marking an 8.7 percent increase from Rs 2.23 lakh crore in the same month a year earlier, according to Finance Ministry data released on May 1.

The gross figure surpassed the previous peak and reflected robust economic activity at the start of the new financial year. After adjusting for refunds, which rose 19.3 percent to Rs 31,793 crore, net collections stood at Rs 2.11 lakh crore, up 7.3 percent year on year. Domestic transactions contributed Rs 1.85 lakh crore, a 4.3 percent rise, while import-related revenues surged 25.8 percent to Rs 57,580 crore. Central GST collections totaled Rs 52,140 crore, state GST Rs 61,331 crore, and integrated GST over Rs 1.29 lakh crore.

The performance stemmed partly from year-end reconciliations by businesses in March, a seasonal factor that typically boosts April figures. Officials noted sustained compliance and economic momentum despite global uncertainties, including the Middle East conflict. Higher import growth outpaced domestic gains, signaling strong trade flows amid moderated consumption.

State-wise, growth was broad-based, with leading...