Table of contents
- Year-wise GST collection trends
- Month-wise GST collection summary
- Highest & lowest GST collections ever
- Factors affecting GST collection in India
- Government measures to boost GST revenue
- Future of GST collection in India (2026 & beyond)
- Why knowing monthly GST collection matters
- Impact of GST collections on your business: Short vs. long term
- Conclusion
- FAQs
📢 January 2026 GST collection update
India’s GST revenue for January 2026 stood at ₹1.93 lakh crore. Here’s the detailed breakup:
CGST: ₹38,792 Cr
SGST: ₹47,817 Cr
IGST: ₹1,06,775 Cr (includes import GST)
Total refunds: ₹22,665 Cr
Net GST Revenue: ₹1,70,719 Cr (↑ 7.6% YoY)
India’s Goods and Services Tax (GST) regime continues to deliver strong and consistent revenue growth, with monthly collections reflecting improved compliance, digital monitoring, and economic expansion. GST revenue remains a key indicator of India’s fiscal health and business activity. This page presents collated GST collection data for all months and financial years, providing clear month-wise and year-wise trends and insights into the factors influencing GST revenue in India.
Year-wise trends
Since GST was implemented in July 2017, the annual revenue collection has seen steady growth. Below is a historical GST collection trend.
| Financial year | Total GST collection (₹ lakh crore) | Average monthly collection |
| 2017-18 | ~₹7.19 lakh crore (Jul-Mar) | ~₹89,875 Cr |
| 2018-19 | ~₹11.77 lakh crore | ~₹98,083 Cr |
| 2019-20 | ~₹12.22 lakh crore | ~₹1.02 lakh crore |
| 2020-21 | ~₹11.36 lakh crore | ~₹94,667 Cr (COVID-19 dip) |
| 2021-22 | ~₹14.83 lakh crore | ~₹1.24 lakh crore |
| 2022-23 | ~₹18.08–18.10 lakh crore | ~₹1.51 lakh crore |
| 2023-24 | ~₹20.18 lakh crore | ~₹1.68 lakh crore |
| 2024-25 | ~₹22.08 lakh crore | ~₹1.84 lakh crore |
Monthly GST collection trends summary
| Month | GST collection (₹ lakh crore) | YoY growth (%) | Key observations |
| January 2026 | ₹1.93 | ~10.5% | Post-festive boost and higher compliance activity. |
| December 2025 | ₹1.75 | ~2.9% | Year-end collection stability; moderate festive demand. |
| November 2025 | ₹1.70 | ~0.7% | Slight moderation; domestic demand steady and imports stable. |
| October 2025 | ₹1.96 | ~4.6% | Festive-season demand supported collections; strong domestic spending. |
| August 2025 | ₹1.86 | ~6.5% | Stable domestic activity; marginal softening in import-related GST. |
| July 2025 | ₹1.95 | ~7.5% | Continued strong collections driven by imports and compliance. |
| June 2025 | ₹1.85 | ~6.2% | Steady demand; higher refunds processed. |
| May 2025 | ₹2.01 | ~16.4% | Strong collections supported by import growth and stable demand. |
| April 2025 | ₹2.36 | ~12.6% | Record-high monthly GST collection; strong domestic activity. |
| March 2025 | ₹1.96+ | ~9.9% | Growth supported by improved compliance and tax base expansion. |
| February 2025 | ₹1.83 | ~10.2% | Continued improvement in reporting and compliance. |
| January 2025 | ₹1.95 | ~12% | Strong enforcement and disciplined return filing. |
| December 2024 | ₹1.76 | ~8% | Year-end filing momentum supported collections. |
| November 2024 | ₹1.82 | ~10% | Festive-season boost in consumption. |
| October 2024 | ₹1.87 | ~9% | Strong festive demand. |
| September 2024 | ₹1.73 | ~6% | Stable services and export-linked activity. |
| August 2024 | ₹1.75 | ~7% | Manufacturing-driven growth. |
| July 2024 | ₹1.59 | ~5% | Temporary slowdown post-Budget adjustments. |
| June 2024 | ₹1.74 | ~6% | Improved compliance and ITC matching. |
| May 2024 | ₹1.73 | ~4% | Seasonal moderation in transactions. |
| April 2024 | ₹2.10 | ~12% | Strong year-end filing impact. |
| March 2024 | ₹1.78 | ~9% | Pre-financial-year-end invoicing push. |
| February 2024 | ₹1.68 | ~6% | Stable collections despite shorter month. |
| January 2024 | ₹1.72 | ~6% | Steady revenue performance. |
Key takeaways
- April 2025 recorded the highest-ever monthly GST collection at ₹2.36 lakh crore, driven by year-end filings, strong inter-state trade, and improved compliance.
- May 2025 crossed ₹2 lakh crore at ₹2.01 lakh crore, reflecting sustained momentum supported by import-related IGST and stable domestic demand.
- Collections in the ₹1.90–1.96 lakh crore range (including March, July, and October 2025) highlight consistently strong revenue performance backed by steady compliance and economic activity.
- Festive months such as October and November have historically seen higher GST collections due to increased consumption and business activity.
- Overall, GST collections have largely remained above the ₹1.7 lakh crore mark in recent periods, signalling resilient domestic demand and a widening tax base.
- Future collection trends will continue to be influenced by compliance measures, economic growth, import activity, and any structural changes recommended by the GST Council.
Monthly GST collection insights: Detailed reports for each month
Older links can be taken from here – https://gstcouncil.gov.in/gst-revenue
Highest & lowest GST collections ever recorded
April 2025: ₹2.36 lakh crore (Record high due to strong year-end filings, inter-state trade, and faster refunds).
April 2020: ₹32,172 crore (COVID-19 lockdown impact and lower economic activity).
Factors affecting GST collection in India
GST collections are influenced by a blend of economic growth, tax reforms, compliance efforts, and sectoral performance. As of July 2025, with gross collections reaching ₹1.95 lakh crore, here’s an overview of the key drivers:
Economic growth & consumer demand
India’s economic momentum is holding steady, with Q1 FY26 GDP growth robust and the manufacturing PMI at a 16-month high in July. Both consumer demand and industrial activity remain strong across metro cities and tier-2 markets.
Observation: Monthly GST revenues have consistently stayed above ₹1.8 lakh crore for several months, driven by strong domestic demand and active B2B trade.
Data Point: July’s IGST from imports was ₹40,262 crore (+9.7% YoY), reflecting steady import activity.
Tax compliance & evasion control
The extension of E-invoicing to businesses with a turnover over ₹5 crore (from January 2025) has improved backend tax accuracy. Advanced tools for risk profiling and AI-driven reconciliations are efficiently flagging non-filers and misuse of input credits.
Result: Refund timelines have shortened, with July 2025 refunds totalling ₹27,147 crore (+66.8% YoY), indicating smoother refund processing.
Policy signals & council activity
The GST Council is actively discussing slab rationalisation (potentially merging 12% and 18% into 15%). Upcoming meetings (Aug-Sep) are expected to focus on final recommendations, particularly in light of the neutral stance on rates from the Full Budget 2024.
Impact: Businesses are preparing for potential price adjustments and ITC claim changes.
Industry trends
Key sectors like manufacturing (auto, construction materials, food) and logistics continue to anchor GST collections, while digital services and E-commerce are seeing higher slab activity.
However, MSMEs face challenges, particularly in credit access and refund delays, though faster refunds and rising UPI-linked sales offer hope for recovery.
Government measures to boost GST revenue
Since January 2025, the government has ramped up technology-driven enforcement and backend automation to expand the GST base and minimise revenue leakage. The focus has evolved from merely meeting filing deadlines to predictive compliance, real-time risk monitoring, and accelerated refund processing.
Here are the latest measures currently in force:
E-invoicing mandate expanded
From 1 January 2025, e-invoicing became mandatory for all businesses with turnover exceeding ₹5 crore. The GST Council is actively reviewing a proposal to reduce this threshold to ₹2 crore by FY27, aiming to include more MSMEs into the GST system and increase transparency.
AI-driven anomaly detection
AI-based return scrutiny is now implemented nationwide, with systems automatically flagging:
- Mismatches between GSTR-1 and 3B returns.
- Monthly vs. quarterly turnover fluctuations.
- Repeated IGST refund claims on similar invoices.
Reports from key zones, like CGST Mumbai and Bengaluru, show a 12-15% increase in voluntary correction filings post-flagging, indicating more accurate filings.
Unified enforcement dashboards
As of March 2025, state GST offices now have access to a centralised fraud tracking system that integrates:
- e-Way Bill data.
- PAN-based turnover history.
- Geo-tagged invoice trails.
Gujarat, Rajasthan, and Tamil Nadu are already using this system to auto-flag shell entities and fake input tax credit linkages.
Faster refunds through backend overhaul
Refunds processed in July 2025 amounted to ₹27,147 crore, with processing times reduced to 15-20 days (down from 30+ days last year). Key improvements include:
- Auto-correlation of shipping and export data from ICEGATE.
- Single-click verification for inverted duty refunds in sectors like textiles, footwear, and fertilisers.
Upcoming measures under consideration
- Risk-based registration system: In pilot stages, new businesses will receive a risk score upon onboarding, determining their filing and refund review frequency.
- Mandatory reconciliation advisory system: Taxpayers may receive automated mismatch alerts before filing deadlines to reduce post-filing notices and delays.
GST Council activity
The GST Council continues to meet regularly to discuss steps for further streamlining the GST system and increasing revenue collection. Recent meetings have focused on improving compliance, discussing slab rationalisation, and adjusting policies to support growth.
Future of GST collection in India (2026 & beyond)
| Key area | Details |
| Consistent revenue growth | Monthly GST collections are consistently above ₹1.95 lakh crore as of mid-2025, with the year reaching ₹2 lakh crore, reflecting growing tax compliance and economic strength. |
| Slab rationalisation | The merger of the 12% and 18% slabs into a single 15% rate may be discussed in 2026. This could simplify classification but may lead to pricing adjustments, especially in sectors like automobiles and consumer goods. |
| AI and technology in compliance | AI-powered audits and E-invoicing are improving tax compliance. Refund processing has sped up, with July 2025 refunds reaching ₹27,147 crore, up 67% YoY. |
| Expanding the GST base | There are ongoing discussions about including petroleum, online gaming, and digital assets (e.g., cryptocurrencies) in the GST framework. This would open new revenue streams and simplify taxation for emerging sectors. |
| What businesses should prepare for | – Watch for slab changes and new inclusions in the GST system. – Prepare for price adjustments and shifts in compliance strategies. – Invest in automated GST tools to stay ahead of new policies and improve efficiency. |
References:
GST Council Website gstcouncil.gov.in
Ministry of Finance finmin.nic.in
Reserve Bank of India (RBI) Reports rbi.org.in
Economic Survey 2023-24 indiabudget.gov.in
Why knowing monthly GST collection matters for businesses
Understanding monthly GST collection data is crucial for MSMEs and other businesses in India for several reasons. Here’s why it matters:
Predicts market trends: Monthly GST collections reflect shifts in consumer demand and economic activity, helping businesses anticipate changes in market conditions. This enables MSMEs to adjust pricing, manage inventory levels, and refine their business strategies accordingly.
Cash flow planning: Knowing GST collection trends aids businesses in predicting refunds and liabilities. This is essential for improving cash flow management, especially for MSMEs with tighter financial resources. Understanding when refunds are likely to be processed helps in smoothing cash flow gaps.
Compliance & risk management: Tracking GST collections gives businesses a clear picture of the evolving compliance landscape. It helps them stay updated with potential rate changes or policy shifts, reducing the risk of non-compliance and associated penalties.
Informed decision making: Regular updates on GST collections equip businesses with data to make strategic decisions on investments, expansion, and operations. Accurate data ensures that MSMEs can stay competitive in a constantly evolving tax environment.
Impact of GST collections on businesses: Short vs. long term
Short-term impacts
Festive seasons and monthly fluctuations: GST collections tend to spike during festive months (e.g., October-November), providing businesses with insights into seasonal demand.
Inventory management: Higher GST collection in these months often signals increased consumption, helping businesses forecast inventory needs.
Promotions & pricing strategies: Knowing that sales volumes rise in certain months allows businesses to adjust pricing and promotional strategies effectively.
Planning for refunds: Monthly data can help businesses anticipate faster refund cycles (like in July), ensuring smoother cash flow management in the short term.
Long-term impacts
Cumulative growth trends: Steady growth in GST collections over multiple months/years signals economic resilience and business activity strength.
Forecasting economic health: Companies can assess whether the economy is on an upward trajectory, using long-term trends to predict future growth patterns.
Investment planning: Long-term GST performance helps businesses make strategic decisions regarding investments and expansion, especially in anticipation of economic stability or policy shifts.
Tax policy adjustments: Businesses can stay proactive by preparing for potential GST slab revisions or base expansions based on long-term collection trends.
Conclusion
In conclusion, India’s GST system has shown consistent growth, underpinned by improvements in compliance, digital monitoring, and economic expansion. Monthly and yearly GST collection data provide valuable insights into economic health, consumer behavior, and business activity. By tracking these trends, businesses can better plan for short-term seasonal fluctuations and long-term growth, refine pricing strategies, and manage cash flow effectively. Staying informed on these patterns allows businesses, especially MSMEs, to adapt swiftly to market changes and optimise operations for future success.
Disclaimer:
The data presented in this blog is based on publicly available information from credible online sources and government releases. While every effort has been made to ensure accuracy, we do not guarantee the completeness or correctness of the figures. Readers are advised to cross-verify details through the official GST portal or other authorised channels before making any business or financial decisions. This blog is intended for informational purposes only.
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FAQs
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A product manager with a writer's heart, Anirban leverages his 6 years of experience to empower MSMEs in the business and technology sectors. His time at Tata nexarc honed his skills in crafting informative content tailored to MSME needs. Whether wielding words for business or developing innovative products for both Tata Nexarc and MSMEs, his passion for clear communication and a deep understanding of their challenges shine through.
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