GST collection is ₹2.42 lakh crore, this is all-time high: 2.23 lakh crore was collected in April last year; Import earnings increased by 25.8%

India’s gross GST collection set a new record of ₹2.42 lakh crore in the month of April. According to government data, it has registered an increase of 8.7% compared to the same month of the last financial year. Earlier, the highest collection was ₹2.23 lakh crore in April 2025.

Generally, tax collection is strong in the month of April every year. The main reason for this is that at the end of the financial year in March, companies reconcile their accounts for the entire year. Due to this, the outstanding tax is paid in April.

Net GST collection stood at ₹2.11 lakh crore

• Net GST collection in April 2026 recorded at ₹2.11 lakh crore. It has seen a growth of 7.3% on annual basis.
• Total refunds have increased by 19.3% compared to last year to ₹31,793 crore. The government’s net revenue after deducting refunds stood at ₹2,10,909 crore.

25.8% increase in import earnings

This time, foreign trade i.e. import has played a major role in GST growth. Gross import revenue jumped by 25.8% to ₹57,580 crore. At the same time, a normal increase of 4.3% was seen in Gross Domestic Revenue and it stood at ₹ 1.85 lakh crore.

Maharashtra, Karnataka and Gujarat contribute the most

Talking about the performance of the states, the situation seems to be improving after tax settlement. Large states like Maharashtra, Karnataka and Gujarat have contributed the most to the exchequer. Along with this, a rise in tax collection figures has also been seen in many states of North and South India.

GST collection shows the health of the economy

GST collection tells us how healthy the country’s economy is. If the collection is high, it means that people are purchasing heavily, production in factories is increasing and people are paying taxes honestly.

• What is GST Refund: When a company pays or exports more tax than its liability, the government returns the tax to it, which is called refund.
• Net vs Gross GST: Gross is the total money collected, while the amount left after subtracting refunds is called net revenue.

GST was implemented in 2017

The government implemented GST across the country on July 1, 2017. After this, 17 taxes and 13 cesses of the Central and State Governments were removed.

GST is divided into four parts:

• CGST (Central GST): Collected by the Central Government.
• SGST (State GST): Collected by state governments.
• IGST (Integrated GST): Applicable on interstate transactions and imports, divided between the central and state governments.
• Cess: An additional fee imposed on specific goods (e.g., luxury items, tobacco) to raise funds for a specific purpose.

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