GST collections hit record ₹2.42 lakh crore in April 2026 with 8.7% growth

India’s gross Goods and Services Tax collections reached a record high of ₹2.42 lakh crore in April 2026, registering an 8.7% increase compared to the same month last year. The latest figures surpass the previous peak of ₹2.23 lakh crore recorded in April 2025, reflecting strong economic momentum at the start of the new financial year.

Net GST collections for April stood at ₹2.11 lakh crore, marking a 7.3% year-on-year growth. During the same period, total refunds rose significantly by 19.3% to ₹31,793 crore. After adjusting for refunds, the government’s net revenue was recorded at ₹2,10,909 crore, indicating sustained tax inflows despite higher payouts.

A key driver of this growth was a sharp rise in import-related revenues, which increased by 25.8% to ₹57,580 crore. In contrast, domestic GST collections saw a more moderate growth of 4.3%, reaching ₹1.85 lakh crore. The data highlights the growing contribution of foreign trade to overall tax collections during the month.

April traditionally records higher GST collections as businesses complete annual financial reconciliations in March and clear pending tax liabilities. This seasonal trend, combined with steady consumption and trade activity, contributed to the record-breaking figures observed this year.

State-wise performance showed that large states such as Maharashtra, Karnataka and Gujarat remained key contributors to GST revenue, while several other regions also recorded improved collections. The strong GST numbers are widely seen as an indicator of economic health, reflecting increased consumption, higher production activity and improved tax compliance across the country.