India’s gross Goods and Services Tax (GST) collections rose 8.8% year-on-year to cross the ₹2-lakh-crore mark in March, driven by higher revenues from both domestic transactions and imports, according to government data released on Wednesday. The gross GST mop-up was ₹1.83 lakh crore in March, 2025.  

Import surge lifts overall collections 

Revenues from imports remained a key driver, rising 17.8% to ₹53,861 crore during the month, reflecting strong trade activity and higher integrated GST (IGST) inflows. Gross domestic revenues, however, grew at a relatively moderate pace of 5.9% to over ₹1.46 lakh crore. 

Refund issuance increased 13.8% year-on-year to ₹22,074 crore in March. After adjusting for refunds, net GST collections stood at ₹1.78 lakh crore, marking an 8.2% annual increase. 

FY26 growth remains steady 

For the full financial year 2025-26 (April–March), gross GST collections rose 8.3% to over ₹22.27 lakh crore, indicating stable revenue buoyancy through the year. Net GST revenues, after refunds, grew 7.1% to ₹19.34 lakh crore. 

The March numbers cap a steady trend seen in previous months. In February 2026, gross GST collections had risen 8.1% year-on-year to ₹1.83 lakh crore, supported by resilient consumption and strong import-linked revenues. Net collections for February stood at ₹1.61 lakh crore after refunds of ₹22,595 crore. 

State-wise GST collections show a mixed trend 

State-wise GST revenues after settlement presented a mixed trend, with industrialised states showing strong growth while several others saw a decline. 

Maharashtra remained the top contributor to the tax pool, generating about ₹0.13 lakh crore in pre-settlement revenues, followed by Karnataka and Gujarat. 

Among states, post-settlement SGST collections grew in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Gujarat, Maharashtra, Karnataka, Kerala, Tamil Nadu, Telangana, and Andhra Pradesh, among others. 

On the other hand, post-settlement SGST collections contracted in Jammu and Kashmir, Chandigarh, Delhi, Arunachal Pradesh, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Chhattisgarh, and Madhya Pradesh, among others.