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GST Collections Hit Rs 1.93 Lakh Cr in Jan 2026, Up 6.2% Year-on-Year

Gross Goods and Services Tax collections for January 2026 reached Rs 1,93,384 crore, marking a 6.2% increase from the same month last year. On a cumulative basis for the April-January period of FY26, collections grew by 8.3% to Rs 18.43 lakh crore. Import-related GST revenue showed particularly strong momentum with a 10.1% monthly and 13.4% cumulative growth. After accounting for refunds, the net GST revenue for January stood at Rs 1,70,719 crore, reflecting a 7.6% year-on-year increase.

Key Points: GST Revenue Rises to Rs 1.93 Lakh Cr in Jan 2026

  • Gross GST at Rs 1.93 lakh crore in Jan 2026
  • 6.2% year-on-year growth recorded
  • Cumulative Apr-Jan FY26 growth at 8.3%
  • Import GST shows strong 10.1% rise
2 min read

Gross GST collections rise 6.2 pc to Rs 1.93 lakh crore in January 2026: Sources

India's gross GST collections grew 6.2% to Rs 1.93 lakh crore in January 2026, showing steady revenue growth and strong import GST momentum.

"The latest GST data indicates stable consumption trends and steady tax compliance, supporting revenue growth. - Government Sources"

New Delhi, February 1

The gross Goods and Services Tax collections reached Rs 1,93,384 crore in January 2026, registering a robust year-on-year growth of 6.2 per cent, according to government sources.

The sources noted that gross GST revenue increased from Rs 1,82,094 crore in January 2025 to Rs 1,93,384 crore in January 2026, reflecting steady revenue mobilisation.

On a cumulative basis, gross GST collections during April-January FY26 stood at Rs 18,43,423 crore, compared to Rs 17,01,891 crore in the corresponding period of the previous financial year, marking a growth of 8.3 per cent.

Breaking up the monthly numbers, domestic GST revenue in January 2026 amounted to Rs 1,41,132 crore, rising 4.8 per cent from Rs 1,34,641 crore collected in January 2025.

Cumulative domestic GST revenue for April-January FY26 stood at Rs 13,49,795 crore, up 6.6 per cent from Rs 12,66,741 crore recorded during the same period last year.

GST collections from imports continued to show stronger momentum. Gross import GST revenue rose to Rs 52,253 crore in January 2026, compared to Rs 47,453 crore in January 2025, registering a growth of 10.1 per cent.

On a cumulative basis, import-related GST revenue reached Rs 4,93,628 crore during April-January FY26, reflecting a 13.4 per cent increase over the year-ago period.

After accounting for refunds, total GST refunds issued in January 2026 stood at Rs 22,665 crore, lower by 3.1 per cent compared to Rs 23,393 crore refunded in January 2025. Cumulative refunds so far in the current financial year rose to Rs 2,47,672 crore, marking an increase of 18.9 per cent.

Following refunds, net GST revenue for January 2026 was recorded at Rs 1,70,719 crore, registering a 7.6 per cent growth over Rs 1,58,701 crore collected in the same month last year.

Component-wise, Central GST (CGST) collections for January 2026 stood at Rs 38,792 crore, State GST (SGST) at Rs 47,817 crore, and Integrated GST (IGST) at Rs 1,06,775 crore. Net compensation cess revenue for the month was recorded at Rs 5,768 crore.

The January GST figures are provisional and subject to change during final settlement. Overall, the latest GST data indicates stable consumption trends and steady tax compliance, supporting revenue growth during the current financial year.

- ANI

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Reader Comments

P
Priya S
Rs 1.93 lakh crore is a huge number! The 10.1% growth in import GST is particularly interesting. It suggests domestic demand for foreign goods remains strong, which is a double-edged sword. We need to boost 'Make in India' alongside this.
R
Rohit P
As a small business owner, I find the GST compliance process still quite cumbersome. The revenue numbers are impressive, but the system needs to be simpler for MSMEs. Less paperwork, more automation please!
S
Sarah B
Steady growth is positive news. The reduction in refunds issued (down 3.1%) might indicate faster processing or fewer claims, which is a good sign for system efficiency. Hope this fiscal discipline continues.
V
Vikram M
The numbers look healthy on paper. But what about the tax burden on the middle class? With everything from biscuits to mobile phones taxed, the aam aadmi feels the pinch daily. Growth should lead to some relief in slabs.
K
Kavya N
Cumulative growth of 8.3% for April-January is commendable! This reflects broad-based economic activity and better compliance. Kudos to the authorities for widening the tax net. Hope states get their due share for development works. 🙏

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