NewKerala.com

GST Collections Hit Rs 2 Lakh Crore in March, Annual Growth at 8.3%

India's gross GST collections for March 2026 reached Rs 2 lakh crore, marking an 8.8% year-on-year increase. For the full financial year 2025-26, total GST revenue stood at Rs 22.27 lakh crore, reflecting a steady 8.3% annual growth. The surge was notably driven by a 17.8% jump in import-related GST, significantly outpacing domestic growth. Several large states like Maharashtra and Karnataka recorded strong SGST growth, highlighting regional economic momentum.

Key Points: GST Revenue Crosses Rs 2 Lakh Crore in March, FY26 Growth at 8.3%

  • March collections hit Rs 2 lakh crore
  • FY26 revenue grows 8.3% to Rs 22.27 lakh crore
  • Import GST surges 17.8% in March
  • Strong SGST growth in Maharashtra, Karnataka
  • Net FY26 collections rise 7.1%
2 min read

GST collections rise 8.8% in March to Rs 2 lakh crore; steady annual growth at 8.3%

India's gross GST collections rose 8.8% to Rs 2 lakh crore in March 2026, with annual revenue for FY26 reaching Rs 22.27 lakh crore, marking 8.3% growth.

"The crossing of the Rs 2 lakh crore mark underscores improved compliance and economic resilience. - Finance Ministry Data"

New Delhi, April 1

India's gross GST collections rose to Rs 2,00,064 crore in March 2026, marking an 8.8 per cent increase compared to Rs 1,83,845 crore in March 2025, according to the data released by the finance ministry.

On a year-on-year (YoY) basis, the total gross GST revenue for FY26 stood at Rs 22.27 lakh crore, up 8.3 per cent from Rs 20.55 lakh crore in FY25, indicating sustained momentum in tax collections.

The March collections crossing the Rs 2 lakh crore mark suggest a strong end-of-year push in compliance and economic activity.

Domestic GST revenue grew 5.9 per cent YoY in March to Rs 1.46 lakh crore, reflecting stable internal consumption. But Import-related GST revenue surged 17.8 per cent YoY, significantly outpacing domestic growth, pointing to higher import activity and improved customs collections.

IGST collections showed strong expansion, rising to Rs 1.06 lakh crore in March, driven largely by imports. CGST and SGST collections also recorded moderate increases, indicating balanced growth across central and state tax components.

Total GST refunds rose 13.8 per cent YoY in March to Rs 22,074 crore. After adjusting for refunds, net GST revenue increased 8.2 per cent YoY to Rs 1.77 lakh crore.

Net GST collections for FY26 stood at Rs 19.34 lakh crore, up 7.1 per cent YoY, indicating consistent revenue buoyancy despite higher refunds.

According to the data, several large states such as Maharashtra (+17%), Karnataka (+14%) and Telangana (+19%) recorded strong SGST growth in March, while some states like Tamil Nadu (-8%) and Assam (-15%) saw declines.

The March GST data reflects robust YoY growth driven by imports and steady domestic demand, with collections maintaining an upward trajectory through FY26. The crossing of the Rs 2 lakh crore mark underscores improved compliance and economic resilience.

- ANI

Share this article:

Reader Comments

P
Priya S
Good to see the numbers, but the 17.8% surge in import-related GST is a bit worrying. Does this mean we are importing more than we are producing? Domestic growth at 5.9% is okay, but we need to focus more on 'Make in India' to boost that number.
R
Rohit P
As a small business owner, the compliance push is real. Filing GST is smoother now with the portal improvements, but the rules are still complex for newcomers. The growth is good news, but simpler processes would help even more.
S
Sarah B
Interesting data. The state-wise variations are stark though. Maharashtra and Karnataka booming, but Tamil Nadu and Assam seeing declines? Hope the finance commission looks into this to ensure balanced regional development. The overall picture is positive.
V
Vikram M
Solid numbers! The consistent growth year-on-year shows the GST system is finally settling in. The increase in net collections after refunds is the key takeaway. More money in the government's kitty should mean lower deficits and maybe even tax relief in the future? One can hope!
K
Kavya N
The refunds increasing by 13.8% is also a positive sign. It means businesses are getting their due money back faster, improving their cash flow. This is crucial for MSMEs. Overall, a healthy report card for the economy.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50