GST Collections Hit ₹2.04 Lakh Crore in September 2026
Gross GST collections rose 14.7% to ₹2.04 lakh crore in September 2026, a third month above ₹2 lakh crore. The numbers, state-wise data and what it means.
By Balaji Anbazhagan
· 3 min read
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India’s gross GST collections rose 14.7% to ₹2.04 lakh crore in September 2026, compared with ₹1.77 lakh crore a year earlier, according to data released on 1 October 2026. It is the third month in a row above ₹2 lakh crore. The jump was led by GST on imports, which grew more than twice as fast as GST on domestic sales. Here are the numbers and what they tell you.
The short answer
- Gross GST, September 2026: ₹2.04 lakh crore, up 14.7% year on year.
- Net GST (after refunds): ₹1.77 lakh crore, up 18.1%.
- Domestic GST: ₹1.38 lakh crore, up 10.1%.
- GST on imports: ₹65,525 crore, up 25.9%.
- Refunds: ₹27,001 crore, down 3%.
- First half of FY 2026-27 (April–September): gross GST of ₹12.46 lakh crore, up 11.6%.
September 2026 in numbers
| Measure | September 2026 | Change from September 2025 |
|---|---|---|
| Gross GST | ₹2.04 lakh crore | +14.7% |
| Domestic gross GST | ₹1.38 lakh crore | +10.1% |
| Import gross GST | ₹65,525 crore | +25.9% |
| Total refunds | ₹27,001 crore | −3.0% |
| Domestic refunds | ₹13,504 crore | −13.5% |
| Import-related refunds | ₹13,497 crore | +10.2% |
| Net GST | ₹1.77 lakh crore | +18.1% |
The first half of the year
| Measure | April–September 2026 | Change |
|---|---|---|
| Gross domestic GST | ₹8.74 lakh crore | +6.1% |
| Gross import GST | ₹3.72 lakh crore | +27.1% |
| Total gross GST | ₹12.46 lakh crore | +11.6% |
| Net GST | ₹10.66 lakh crore | +10.4% |
How the big states did
| State | September 2026 | Growth |
|---|---|---|
| Maharashtra | ₹29,986 crore | +15% |
| Karnataka | ₹13,884 crore | +16% |
| Gujarat | ₹12,222 crore | +17% |
| Uttar Pradesh | ₹8,882 crore | +18% |
| Delhi | ₹6,354 crore | +12% |
| Telangana | ₹5,327 crore | +18% |
| Assam | ₹2,415 crore | +88% (fastest) |
What is behind the numbers
The headline is strong, but the split matters. GST on imports grew 25.9% while domestic GST grew 10.1%, and over the half-year the gap is wider: 27.1% against 6.1%. Part of the import growth reflects higher prices of what India buys from abroad. Crude oil has been above $100 a barrel and the rupee has been weak, near 96 to the dollar, so the rupee value of imports, and the GST collected on them, is higher even if volumes are not.
Domestic collections, which track spending inside the country more closely, are growing at a steadier pace. The festive season in October and November usually lifts domestic GST, so the next two months’ data will show whether that gap narrows.
What it means for you
| If you are… | Takeaway |
|---|---|
| A consumer | Strong GST numbers do not change the GST you pay. Rates are set by the GST Council, not by monthly collections. |
| A small business | Higher collections often come with tighter scrutiny of returns and input tax credit. Keep your GSTR-1 and GSTR-3B in sync. |
| An investor | Tax collections are one sign of economic activity. Read them alongside inflation, the rupee and company results, not on their own. |
| Waiting on a GST refund | Domestic refunds were 13.5% lower than a year earlier. If yours is pending, check its status on the GST portal. |
To check the GST on an invoice or price, use the GST calculator. If you issue bills, the free GST invoice generator works out CGST, SGST and IGST for you, and the HSN code finder gives the right code and rate.
Frequently asked questions
How much GST was collected in September 2026? Gross GST collections were ₹2.04 lakh crore, up 14.7% from ₹1.77 lakh crore in September 2025. Net collections after refunds were ₹1.77 lakh crore.
What is the difference between gross and net GST? Gross GST is the total collected. Net GST is what remains after refunds, mainly to exporters and businesses with excess input tax credit.
Which state collected the most GST in September 2026? Maharashtra, with ₹29,986 crore, up 15%. Assam grew fastest, by 88%.
Do higher GST collections mean GST rates will fall? Not directly. Rates are decided by the GST Council. Strong collections give the government more room, but they do not trigger a rate change by themselves.
When is GST collection data released? Usually on the first day of the following month. October 2026 data is expected on 1 November.
Sources
- Business Today, “September GST collections rise 14.7% to ₹2.04 lakh crore”, 1 October 2026: businesstoday.in
- NewsBytes, “India GST collections reach ₹2.04L/cr in September 2026, up 14.7%”: newsbytesapp.com
- A2Z Taxcorp, “GST Revenue Crosses ₹2 Lakh Crore Again in September 2026”: a2ztaxcorp.net
This article is for general information and education, not financial, tax or investment advice. Rules and rates change; check official sources or consult a qualified professional before acting. See our disclaimer.