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Gross GST collections in July 2026 rose 15.4% year-on-year to Rs 2.11 lakh crore, the fastest growth in 14 months.
Growth was driven by imports: GST on imports jumped 28.8% to Rs 66,511 crore, against 10.1% growth in domestic revenue at Rs 1.45 lakh crore.
Net GST revenue after refunds rose 15.8% to Rs 1.81 lakh crore; total refunds were Rs 29,968 crore, up 13.1%.
Cumulative April-July collections for FY 2026-27 stood at Rs 8.43 lakh crore, up 10.1%.
Haryana led state growth at 25%, while Himachal Pradesh recorded the steepest fall at -22%.
| State/UT | Year-on-year change |
|---|---|
| Haryana | +25% |
| Gujarat | +19% |
| Telangana | +19% |
| Punjab | +16% |
| Kerala | +16% |
| Uttar Pradesh | +15% |
| Maharashtra | +13% |
| Karnataka | +12% |
| Delhi | +8% |
| Tamil Nadu | -1% |
| Andhra Pradesh | -5% |
| Madhya Pradesh | -10% |
| Puducherry | -17% |
| Uttarakhand | -18% |
| Himachal Pradesh | -22% |
Gross GST collections are the total tax deposited in a month before any refunds are paid out. Net collections subtract refunds — mainly to exporters, who pay GST on inputs but sell zero-rated goods abroad, and to businesses with an inverted duty structure where inputs are taxed higher than outputs. Net collections are the figure that actually accrues to the Centre and states, so a month can show strong gross growth and weaker net growth if refunds spike.
Simple Analogy: Gross collections are the total money that came into the till; net collections are what is left after you have handed back the change you owed customers.
Recommends rates, exemptions, thresholds and model GST laws to the Union and states
GS Paper 3 > Indian Economy: Government Budgeting, Mobilisation of Resources
General Awareness > Economy and Current Affairs
General Awareness > Indian Economy and Taxation
General Awareness > Economy
What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)? 1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India. 2. It will drastically reduce the 'Current Account Deficit' of India and will enable it to increase its foreign exchange reserves. 3. It will enormously increase the growth and size of economy of India and will enable it to overtake China in the near future. Select the correct answer using the code given below:
Answer: 1 only
In India, the steel production industry requires the import of
Answer: coking coal
The Indian Customs Electronic Gateway, the CBIC portal through which customs filings and export refunds are processed.
A situation where the tax rate on inputs is higher than on the finished output, leaving the producer with unused input tax credit that must be refunded.
Exports and supplies to SEZs, on which no GST is charged but input tax credit is still refundable.
The constitutional provision, inserted by the 101st Amendment, that establishes the GST Council.