India’s gross Goods and Services Tax (GST) collections rose nearly 14% year on year in June to around ₹1.95 lakh crore, compared with ₹1.71 lakh crore in the same month last year, highlighting strong domestic demand and healthy external trade.
According to monthly revenue data released by the Finance Ministry on Wednesday, gross GST collections stood at ₹1,94,812 crore in June, up from ₹1,71,105 crore a year earlier.
GST collections from domestic transactions reached ₹1,34,774 crore during the month, marking a 6.5% increase over the ₹1,26,506 crore collected in June 2025.
Revenue from GST on imports recorded a sharp 34.6% year on year jump to ₹60,038 crore, compared with ₹44,600 crore in the corresponding month last year. Experts attributed the surge to India’s strong export performance during the opening months of the current financial year.
Net GST collections also registered double digit growth despite a sharp rise in refunds, particularly for domestic transactions. After accounting for refunds, net GST revenue stood at ₹1,62,377 crore in June 2026, an increase of 11.2% from ₹1,45,984 crore in June 2025.
Total refunds, including both domestic and import-related claims, climbed 29.1% to ₹32,436 crore this June from ₹25,121 crore in the same period last year.
Industry experts said the latest GST figures underline the resilience of the Indian economy despite ongoing global economic uncertainties.
MS Mani, Partner at Deloitte India, said GST collections moving close to the ₹2 lakh crore mark in the second month of the financial year, especially during a period affected by geopolitical tensions in West Asia, reflected the economy’s underlying strength. He noted that June’s collections correspond to business activity undertaken in May.
He added that last year’s GST rate reductions have been more than offset by higher transaction values, making the current growth trend sustainable. According to Mani, easing tensions in West Asia could further strengthen collections in the coming months, making monthly GST revenues of ₹2 lakh crore the new benchmark.
Saurabh Agarwal, Tax Partner at EY India, said the sustained growth in GST collections serves as a strong indicator of the Indian economy’s resilience, demonstrating that domestic consumer demand remains healthy despite persistent geopolitical challenges worldwide.
He also highlighted the faster pace of GST refunds, saying it reflects the government’s continued efforts to improve business liquidity and ensure that working capital constraints do not hinder economic growth.
According to Vivek Jalan, Partner at Tax Connect Advisory Services LLP, June’s GST numbers reflect the strength of both domestic consumption and India’s external trade.
He noted that net GST collections increased by 11.2%, while domestic revenues grew despite the GST 2.0 rate reductions and the continued impact of accumulated input tax credit on inventories, an adjustment expected to continue for another nine to twelve months.
Jalan added that the figures demonstrate the resilience of consumer demand despite ongoing structural changes. He also pointed to challenges arising from the accumulation of input tax credit on input services under the inverted duty structure, an issue he expects the GST Council to address during its meeting in Kolkata in July 2026.
