Daijiworld Media Network - New Delhi

New Delhi, Apr 1: India’s gross Goods and Services Tax (GST) collections rose to a 10-month high of Rs 2 lakh crore in March, registering an 8.8 per cent increase compared to the same period last year, according to official data.

The rise comes after a dip in February, when collections stood at Rs 1.84 lakh crore, indicating a steady recovery in revenues during the second half of FY26.

On a month-on-month basis, GST collections increased from Rs 1.84 lakh crore in February to Rs 2 lakh crore in March. The highest-ever collections were recorded in April 2025 at Rs 2.37 lakh crore.

Between June 2025 and January 2026, monthly GST revenues largely remained in the range of Rs 1.70 lakh crore to Rs 1.96 lakh crore, with November recording the lowest level at Rs 1.70 lakh crore following GST rate rationalisation announced in September.

A detailed breakdown of March figures shows gross domestic revenue at Rs 1.46 lakh crore, marking a 5.9 per cent year-on-year growth, while revenue from imports surged 17.8 per cent to Rs 53,861 crore.

For the full financial year FY26, gross GST collections stood at Rs 22.27 lakh crore, up 8.3 per cent from Rs 20.55 lakh crore in the previous year.

Refunds during March increased by 13.8 per cent year-on-year to Rs 22,074 crore, while net GST revenue rose 8.2 per cent to Rs 1.78 lakh crore.

The data indicates that stronger growth in import-related GST collections, compared to domestic revenues, contributed significantly to the overall increase in March collections.