India's June GST Collections Jump 13.9% to Rs 1.95 Lakh Crore

India's gross Goods and Services Tax collections climbed to about Rs 1,94,812 crore in June 2026, a 13.9% increase over the same month a year earlier and the fastest annual pace in 13 months, according to provisional data released by the Finance Ministry. The jump was driven primarily by a sharp rise in import-related revenue, which grew about 34.6% year-on-year, outpacing more modest domestic growth of roughly 6.5%. Net GST revenue, after refunds, stood at around Rs 1,62,377 crore, up 11.2%, while refunds themselves rose about 29% during the month. On a cumulative basis, gross collections for the first quarter of the current fiscal year reached about Rs 6.32 lakh crore, up 8.4% from a year earlier. State-level performance was uneven: Uttar Pradesh and Assam posted some of the strongest gains, while a few states including Tamil Nadu, Rajasthan and Madhya Pradesh recorded declines. Monthly GST figures are closely watched as a barometer of consumption, business activity and tax compliance, and analysts said the sustained growth should help support government finances and public spending.