Finance Ministry releases June 2026 gross Goods and Services Tax (GST) collection of Rs 1,94,812 crore

Exam-focused facts from the 2 July 2026 current affairs briefing.

Key facts

Gross Goods and Services Tax (GST) collections rose 13.9% year-on-year to Rs 1,94,812 crore in June 2026.
Cumulative gross GST collections for the April-June period of FY27 reached Rs 6,31,699 crore, an 8.4% increase over the previous year.
Net GST revenue for June increased 11.2% year-on-year to Rs 1,62,377 crore, following total refunds of Rs 32,436 crore.
Tax components for June included Central GST (CGST) at Rs 37,376 crore, State GST (SGST) at Rs 45,116 crore, and Integrated GST (IGST) at Rs 1,12,320 crore.
Net GST revenue for the first quarter stood at Rs 5,40,218 crore, marking a 7.1% increase from Rs 5,04,187 crore in the year-ago period.