GST

GST Collections September 2026: Gross Crosses ₹2.03 Lakh Crore, Net Up 18%

India's gross GST collection hit ₹2.03 lakh crore in September 2026 (+14.7%), with net revenue up a sharper 18.1% as refunds dipped. Imports led the growth at +25.9%. Here's the full breakdown — gross vs net, domestic vs imports, and the year-to-date trend.

Mohan—·5 min read
Gross GST — Sep 2026
₹2.04 L cr
▲ 14.7% vs Sep 2025
Net GST — Sep 2026
₹1.77 L cr
▲ 18.1% vs Sep 2025
Domestic (gross)
₹1.38 L cr
▲ 10.1% vs Sep 2025
Imports (gross)
₹65,525 cr
▲ 25.9% vs Sep 2025

The short version

  • India's gross GST collection crossed ₹2.03 lakh crore in September 2026 — up 14.7% over September 2025.
  • Net GST (after refunds) rose even faster, 18.1% to ₹1.77 lakh crore, helped by refunds actually falling 3% for the month.
  • Imports led the growth (+25.9%), outpacing domestic collections (+10.1%) — a sign of strong goods inflows.
  • For the year so far (Apr–Sep 2026-27), gross collection is ₹12.46 lakh crore (+11.6%) and net is ₹10.66 lakh crore (+10.4%).

The monthly GST numbers are one of the cleanest real-time reads on the economy — and September 2026 is a strong one. Collections comfortably cleared the ₹2 lakh crore mark, and the net figure grew faster than the gross because refunds dipped. Here's the breakdown, in plain numbers.

Gross vs net at a glance

₹ croreSep 2025Sep 2026Growth
Gross GST revenue1,77,3652,03,521+14.7%
Total refunds27,84827,001−3.0%
Net GST revenue1,49,5171,76,520+18.1%

The stand-out here is the gap between gross (+14.7%) and net (+18.1%) growth. Normally refunds rise with collections; this month they fell 3%, so more of the gross stayed in as net revenue.

Where it came from: domestic vs imports

₹ crore (gross)Sep 2025Sep 2026Growth
Domestic revenue1,25,3341,37,996+10.1%
Import revenue (IGST)52,03165,525+25.9%
Total gross1,77,3652,03,521+14.7%

Imports grew roughly two-and-a-half times as fast as domestic collections — a strong signal of goods inflows, and a reminder that import IGST is a major swing factor in any given month.

Head-wise split (gross)

ComponentSep 2026 (₹ cr)
CGST37,762
SGST45,363
IGST (domestic + import)1,20,396
Total gross2,03,521

The year so far (Apr–Sep 2026-27)

Gross GST, FY to date

₹12.46 L cr

Up 11.6% over the same period last year.

Net GST, FY to date

₹10.66 L cr

Up 10.4% over the same period last year.

Six months into the financial year, the trend is steady double-digit gross growth — consistent with the monthly figures rather than a one-off spike.

A few notable states (September)

State-wise domestic collections (pre-settlement, goods imports excluded) show wide variation month to month:

State / UTSep 2026 (₹ cr)Growth
Maharashtra29,986+15%
Karnataka13,884+16%
Gujarat12,222+17%
Tamil Nadu10,188−5%
Haryana10,097+2%
Uttar Pradesh8,882+18%
Assam2,415+88%

Assam's jump stands out, while a few large states like Tamil Nadu saw a monthly dip — a reminder that single-month state figures can be lumpy and are best read alongside the year-to-date trend.

How to read "gross" vs "net"

Gross is everything collected before refunds. Net is what's left after refunds are paid back to exporters and others — the figure closest to what the government actually keeps. When refunds fall (as they did this month), net can grow faster than gross even if underlying activity is steady.

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Disclaimer: Figures are from the official GST revenue report for September 2026 and are provisional; actuals may vary slightly on finalisation. Amounts are in ₹ crore and growth is year-on-year unless stated otherwise. This article is general information, not tax advice — talk to efiletax for help with your GST compliance.

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