India’s gross Goods and Services Tax (GST) collection increased 14.8% year-on-year to approximately ₹1.99 lakh crore in August 2026, according to data released on September 1, 2026. The latest collection was higher than the ₹1.74 lakh crore recorded in July 2026.
Revenue from domestic transactions grew 9.3% to ₹1.37 lakh crore during August, while GST revenue from imports increased 29% to ₹62,604 crore.
Among the major components, Central GST (CGST) collection stood at ₹38,413 crore, while State GST (SGST) revenue reached ₹46,316 crore. Integrated GST (IGST) collections exceeded ₹1.15 lakh crore.
GST refunds also recorded a significant increase during the month, rising 68% to ₹31,795 crore. According to Vivek Jalan, Partner at Tax Connect Advisory Services LLP, the increase in domestic refunds was partly linked to inverted duty structures.
After adjusting for refunds, net GST revenue stood at ₹1.68 lakh crore, representing an 8.3% year-on-year increase. The August figures indicate continued growth in domestic consumption and improved compliance, with the statutory time-barring deadline of August 31 also contributing to revenue inflows.
For April-August 2026, net GST revenue growth is estimated at around 9%. Jalan noted that GST buoyancy remains below one, at approximately 0.7.
Abhishek Jain, Partner and National Head – Indirect Tax at KPMG in India, said the 14.8% increase in gross GST collections provides a positive indication for the economy, particularly alongside 7.8% GDP growth recorded in the first quarter. He said the figures point to resilience in the Indian economy despite geopolitical tensions and continuing global economic uncertainty. CASansaar