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September GST Collections Cross ₹2 Trillion Amid Import Surge
India collected ₹2.04 lakh crore in GST during September.
GST is a tax charged on many goods and services.
The collection was 14.7% higher than in the same month a year earlier.
Taxes connected to imported goods grew much faster than taxes from domestic activity.
After refunds were paid, the government kept ₹1.77 lakh crore.
During April to September, total GST collections also increased.
Several states reported higher collections, with Maharashtra contributing the most among states listed.
The figures are provisional and may change after final checks.
Gross GST collections rose 14.7% year-on-year to ₹2.04 lakh crore in September.
Import-linked GST increased 25.9% to ₹65,525 crore, compared with 10.1% growth in domestic GST.
Net GST collections rose 18.1% to ₹1.77 lakh crore after refunds of ₹27,001 crore.
April-September gross GST revenue increased 11.6% to ₹12.46 lakh crore, while net revenue rose 10.4% to ₹10.66 lakh crore.
Maharashtra remained the largest state contributor, while Assam recorded an 88% increase and Manipur the highest percentage growth overall.
- Who
- The Government of India, businesses paying GST, importers, and state tax authorities.
- What
- Gross GST collections rose 14.7% year-on-year to ₹2.04 lakh crore in September.
- Where
- India, including collections reported by states and Delhi.
- When
- September 2026; cumulative figures cover April-September 2026.
- Why
- The increase was driven partly by a 25.9% rise in import-linked GST; the articles also cite domestic demand and trade activity as possible contributors.
Cautious interpretation
Positive interpretation
Source of revenue growth
Cautious interpretation
The headline increase relies heavily on imports, which grew 25.9%, while domestic GST rose 10.1%; analysts said sustained domestic growth remains important.
Positive interpretation
The government and some analysts linked stronger import collections to demand for inputs and capital goods, trade activity, and continued domestic economic strength.
Next GST priorities
Cautious interpretation
The composition of collections and higher cumulative refunds should be monitored before treating the figures as broad-based revenue strength.
Positive interpretation
Grant Thornton Bharat said reforms involving input-tax credit, registration, refunds, and compliance could improve tax efficiency and sustain momentum.
Key facts
- September gross GST
- ₹2.04 lakh crore, up 14.7% year-on-year
- September domestic GST
- ₹1.38 lakh crore, up 10.1%
- September import-linked GST
- ₹65,525 crore, up 25.9%
- September net GST
- ₹1.77 lakh crore, up 18.1% after refunds
- April-September gross GST
- ₹12.46 lakh crore, up 11.6%
- April-September net GST
- ₹10.66 lakh crore, up 10.4%
- September refunds
- ₹27,001 crore, down 3%; cumulative refunds rose 18.8% during April-September
Quotes
Mahesh Jaising
Deloitte India Partner and Indirect Tax Leader
“If the Council can translate GST 2.0 into meaningful process reforms around ITC, registration, refunds and compliance, it could strengthen the quality of revenue growth by reducing friction for compliant businesses and improving tax efficiency.”
livemint.com
“The significant growth in import-linked collections reflects demand for inputs and capital goods supporting domestic manufacturing under the ‘Make in India’ initiative.”
livemint.com
Sources
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