India’s GST Collections Climb to ₹1.95 Lakh Crore, Mark Fastest Growth in Over a Year

India’s Goods and Services Tax (GST) collections rose sharply in June 2026, with gross revenues reaching ₹1.95 lakh crore, reflecting a 13.9% year-on-year increase and the strongest monthly growth recorded in the past 13 months. The robust performance was largely driven by a significant jump in tax collections from imports, alongside steady growth in domestic GST receipts.

According to the latest government data, gross GST collections stood at ₹1,94,812 crore during the month, compared with ₹1.71 lakh crore collected in June last year. The rise highlights continued momentum in tax revenues despite an uncertain global economic environment and points to resilient economic activity across sectors.

A major contributor to the increase was the surge in GST collected on imported goods. Revenue from imports climbed 34.6% year-on-year to ₹60,038 crore, indicating strong import demand and higher tax inflows. Domestic GST collections also posted healthy gains, supported by improved tax compliance and sustained business activity.

Among the states, Maharashtra continued to account for the highest share of GST collections, reinforcing its position as the country’s largest contributor to indirect tax revenues. Several other states also recorded notable growth, with Uttar Pradesh emerging as one of the fastest-growing contributors during the month.

The latest GST figures are expected to provide a boost to the government’s fiscal position by strengthening revenue collections. Economists believe the sustained increase in GST receipts reflects improving compliance, expanding formalisation of the economy and stable consumption trends.

The June collections mark the strongest annual growth since May 2025 and underscore the resilience of India’s tax system. Analysts say continued improvement in GST revenues could offer greater fiscal flexibility for the government while supporting public spending and infrastructure investment in the coming months, provided economic activity and consumer demand remain steady.