Goods & Service Tax (GST) 5 August 2026
India GST Revenue Rises
India's GST collections have increased to Rs 2.11 lakh crore in July 2026, showing a significant growth in import tax revenue and domestic GST collections, after remaining stable at around ₹1.95 trillion in May and June, Goods and Services Tax India has seen a notable surge in revenue, with import tax revenue growth contributing to the overall increase in GST revenue
India's GST revenue has seen a notable surge in July 2026, with collections reaching Rs 2.11 lakh crore. The growth is attributed to an increase in import tax revenue and domestic GST collections. Some key points to note include:
- Import tax revenue growth has contributed to the overall increase in GST revenue
- Domestic GST collections have also shown a significant rise
- The total GST revenue has increased from ₹1.95 trillion in May and June to Rs 2.11 lakh crore in July 2026
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