Gross goods and services tax (GST) revenues in June grew nearly 14% year-on-year to Rs. ₹From Rs 1.95 lakh crore ₹It was Rs 1.71 lakh crore in the same month last year, reflecting strong domestic consumption and external trade.
Gross GST revenue increased in June, according to monthly collection data released by the Finance Ministry on Wednesday. ₹Rs 1,94,812 crore compared to Rs. ₹1,71,105 crores.
Gross collections from domestic transactions were ₹1,34,774 crore in June 2026, which was 6.5% more ₹The collection was Rs 1,26,506 crore in June 2025.
Gross GST revenue from imports increased by 34.6% year-on-year ₹Above Rs 60,038 crore in June ₹It was Rs 44,600 crore in the same month last year. Experts attributed the sharp growth to the country’s strong export performance during the first two months of the current financial year.
Despite a significant increase in refunds, especially on domestic transactions, net GST revenue in the month of June also saw a double-digit year-on-year growth. Net GST collection after refund in June 2026 ₹Rs 1,62,377 lakh crore, up 11.2% ₹1,45,984 crore in June 2025.
Total refunds (for domestic and import transactions) increased by 29.1% ₹Rs 32,436 crore in June this year compared to ₹In June last year it was Rs 25,121 crore.
Experts said GST collections reflect the resilience of the Indian economy despite strong global headwinds.
MS Mani, partner, Deloitte India, said, “GST monthly collection is approaching ₹The figure of Rs 2 lakh crore in transactions relating to the second month of the financial year, and even more so in a month when there was significant economic disruption due to the situation in West Asia, is a true reflection of economic resilience. Certainly, June’s revenue collection reflects the actual business transactions of May.
“It is now clear that the reduction in GST rates last year has been offset by the expansion in transaction values on which GST rates apply and that this is sustainable going forward. The easing of the West Asia situation will bring considerable optimism to collections in the coming month and it is possible that ₹Rs 2 lakh crore per month will become the new normal,” he said.
Saurabh Agarwal, Tax Partner, EY India, said the sustained growth in GST collections is a clear indication of the underlying resilience of the Indian economy, indicating that domestic consumer demand remains strong despite persistent global geopolitical headwinds. “Importantly, the quick pace of GST refunds underlines the government’s proactive commitment to unlock trade liquidity and ensure that working capital constraints do not hamper industry growth,” he said.
According to Vivek Jalan, partner, Tax Connect Advisory Services LLP, India’s GST revenues in June 2026 highlight both the resilience of domestic consumption and the strength of external trade.
“Net GST collections grew by 11.2% with a 2.6% increase in domestic revenues despite the impact of GST 2.0 rate cuts and accumulated input tax credits lasting 9-12 months on shares. This suggests that consumption remains robust even under structural adjustment; and there are also challenges such as ITC accumulation on input services under the inverted duty structure, which is expected to be addressed by the GST Council in the July 2026 meeting in Kolkata.”
