India's gross GST collections surge 15.4 pc to Rs 2.11 lakh crore in July
New Delhi, Aug 1
Continuing a robust trend, India's gross goods and services tax collections surged 15.4 per cent to Rs 2.11 lakh crore in July - fastest in 14 months, the government data showed on Saturday.
This is the second time this fiscal (FY27) that monthly collections have crossed the Rs 2 lakh crore mark, driven by strong domestic consumption and business activity.
Meanwhile, gross domestic GST revenue went up 10.1 per cent to Rs 1.45 lakh crore in July - from Rs 1.31 lakh crore in July 2025.
Notably, GST revenue from imports rose 28.8 per cent to Rs 66,511 crore, taking the total gross GST collections for the month to Rs 2.11 lakh crore.
Also, total GST refunds increased 13.1 per cent (on-year) to Rs 29,968 crore last month.
After adjusting for refunds, net GST revenue stood at Rs 1.81 lakh crore - a 15.8 per cent increase over July 2025.
According to the monthly GST data, net domestic revenue rose 10.5 per cent to Rs 1.27 lakh crore, while net customs GST revenue surged 30.3 per cent to Rs 54,223 crore.
Gross GST collections for the four months this fiscal (FY27) surged 10.1 per cent to Rs 8.43 lakh crore, compared with Rs 7.66 lakh crore in the corresponding period of the previous year.
In June, the GST collections rose 13.9 per cent year-on-year to Rs 1.94 lakh crore, driven by strong growth in revenues from imports.
According to a latest SBI Research report, after accounting for GST collections together with states' share in basic excise duty (BED), states are expected to be net gainers by approximately Rs 1.43 lakh crore in FY27 compared to FY26.
Going forward, the report expects a rebound in the GST collections and yearly growth in the range of 8-9 per cent and the moderation in collection is due to rate rationalisation, which is on expected lines.
— IANS
Reader Comments
Import GST rising 28.8% is interesting. This suggests Indian businesses are importing more raw materials and capital goods, which could mean expansion in manufacturing. Good sign for 'Make in India' initiatives! 🇮🇳
The numbers are good but I can't help wondering how much of this is due to inflation vs actual economic growth. Also, states getting extra ₹1.43 lakh crore is welcome, but they need to spend wisely on infrastructure and public services.
This is impressive growth for July, especially since it's the fastest in 14 months! The consistency above ₹2 lakh crore is a strong indicator of India's economic resilience despite global headwinds.
But why is the growth slowing down for domestic GST? Only 10.1% compared to 15.4% overall. If imports are contributing so much, we need to boost domestic production and consumption more. The 'Make in India' needs to pick up pace.
The SBI Research prediction of 8-9% growth for the year seems realistic. Rate rationalization is necessary for long-term stability. Better to have moderate, sustainable growth than temporary spikes. Good governance matters!
These collection numbers are encouraging, but
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