Gross GST collections rise 6.2 pc to 3-month high of Rs 1.93 lakh cr in January
GST
Dated:- 1-2-2026
PTI
New Delhi, Feb 1 (PTI) Gross GST collections rose 6.2 per cent to a three-month high of over Rs 1.93 lakh crore in January, indicating increased consumption is making up for rate cuts late last year, sources said on Sunday.
However, refunds dipped 3.1 per cent to Rs 22,665 crore, leading to net Goods and Services Tax (GST) revenues growing 7.6 per cent to about Rs 1.71 lakh crore in January.
Gross tax collections from domestic transactions grew 4.8 per cent to Rs 1.41 lakh crore, while import revenues were up 10.1 per cent to Rs 52,253 crore in January.
GST rates on about 375 items were slashed, making goods cheaper, eff
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anticipated by the policy makers”.
While many large states continue to show only single-digit growth in GST collections, there appears to be an improvement from the past three months, where some large states depicted below 5 per cent increases, Mani added.
Cess collection (from tobacco products) in January stood at Rs 5,768 crore. This compares to Rs 13,009 crore in collections in January last year, when a cess was levied on luxury, sin and demerit goods such as cars, and tobacco products.
Gross GST collections during April 2025 –January 2026 amounted to Rs 18.43 lakh crore, reflecting year-on-year growth of 8.3 per cent and broadly tracking nominal GDP growth.
EY India, Tax Partner, Saurabh Agarwal, said the consistent revenue tra
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