GST Collection Grows 14% to ₹1.95 Lakh Crore in June as Import Revenue Surges
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
India's Goods and Services Tax (GST) collections gathered significant pace in June 2026, growing 13.9% year-on-year to reach ₹1,94,800 crore. Data released by the government on Wednesday highlights that while month-on-month growth remained steady compared to May, a massive spike in import revenue heavily driven the overall boost.
For the third consecutive month, the government did not collect any funds via cess, following the complete clearance of all pending payments under the category.
Key Highlights: June GST Breakdown
The total mop-up shows robust domestic stability paired with an aggressive acceleration in cross-border trade:
- Total Collection: ₹1,94,800 crore (Up from ₹1,94,200 crore in May 2026)
- Domestic Revenue: Rose 6.5% year-on-year to ₹1,34,800 crore.
- Import Revenue: Surged sharply by 34.6% year-on-year to reach ₹60,000 crore.
- Net Revenue (Post-Refunds): Stood at ₹1,62,400 crore, marking an 11.2% yearly growth. This growth comes despite a massive 29.1% spike in tax refunds, which totaled ₹32,400 crore for the month.
Component-Wise Collections (Central, State & Integrated GST)
To understand where the tax volumes came from, here is how the primary segments performed compared to last year:
GST Component | June 2026 Collection | Year-on-Year Change |
|---|---|---|
Central GST (CGST) | ₹37,400 crore | Up from ₹34,600 crore |
State GST (SGST) | ₹45,100 crore | Up from ₹43,300 crore |
Integrated GST (IGST) | ₹1,12,300 crore | Up from ₹93,300 crore |
Following the final distribution and settlements, the post-settlement revenue made available directly to individual States stood at ₹88,200 crore for June, an increase of 9% over the same period last year.
FY27 Growth Trajectory Beats Budget Estimates
The current fiscal trajectory is comfortably pacing ahead of initial expectations. According to Union Budget estimates, the government’s overall GST collections for the full financial year 2026-27 (April–March) were projected to grow at a modest 6.3% year-on-year.
However, collective data for the first quarter (April to June) reveals that overall collections have already grown by 8.4%, hitting a cumulative total of ₹6,31,700 crore for the first three months of FY27.
