India's gross GST collections rise 15.4% to Rs 2.11 lakh crore in July

India's gross Goods and Services Tax (GST) collections rose 15.4% year-on-year to Rs 2.11 lakh crore in July 2026, driven by robust domestic revenues and a sharp increase in tax collections from imports, according to the government's monthly GST revenue report released on Saturday.Gross domestic GST revenue increased 10.1% to Rs 1.45 lakh crore from Rs 1.31 lakh crore in July 2025. GST revenue from imports rose 28.8% to Rs 66,511 crore, taking the total gross GST collections for the month to Rs 2.11 lakh crore.Also Read: India ready for a premium wealth show while US missiles rattle the worldThe latest GST collections suggest that domestic consumption and business activity remained steady despite geopolitical tensions in West Asia, with higher domestic and import-related tax collections supporting overall revenue growth.The report also showed that GST refunds continued to rise. Total refunds increased 13.1% year-on-year to Rs 29,968 crore, with export-related refunds processed through ICEGATE rising 22.7% to Rs 12,288 crore.After adjusting for refunds, net GST revenue stood at Rs 1.81 lakh crore, marking a 15.8% increase over July 2025. Net domestic revenue rose 10.5% to Rs 1.27 lakh crore, while net customs GST revenue jumped 30.3% to Rs 54,223 crore.Also Read: Indian companies are about to raise prices, putting RBI's inflation outlook to testPratik Jain, Partner, Price Waterhouse & Co LLP, said, “post GST 2.0, a steady 7–8% monthly growth seems to be emerging as the norm which is broadly in line with budget estimates. Notably, growth in import-led revenues continues to outpace domestic transactions, which could indicate some softness in consumption—possibly reflecting a moderation in discretionary spending amid ongoing geopolitical uncertainties.”For the first four months of the current financial year (April-July), gross GST collections rose 10.1% to Rs 8.43 lakh crore, compared with Rs 7.66 lakh crore in the corresponding period of the previous year. Net GST collections during the period increased 9.2% to Rs 7.21 lakh crore.Among the larger states, Haryana recorded the highest year-on-year growth in July GST collections at 25%, followed by Gujarat and Telangana at 19% each. Punjab and Kerala posted growth of 16%, while Uttar Pradesh registered a 15% increase. Maharashtra, the country's largest contributor to GST revenues, saw collections rise 13%, while Karnataka recorded 12% growth and Delhi posted an 8% increase.Also Read: GST panel may consider allowing transfer of unused tax credit within corporate groupsSome states, however, reported lower collections compared with a year ago. Himachal Pradesh recorded a 22% decline, Uttarakhand fell 18%, Puducherry was down 17%, Madhya Pradesh declined 10%, Andhra Pradesh slipped 5%, and Tamil Nadu recorded a marginal 1% fall.