Economy, Banking and Finance · 3 August 2026
India’s GST Collections Rise 15.4% to ₹2.11 Lakh Crore in July 2026
Exam-focused facts from the 3 August 2026 current affairs briefing.
Key facts
- Gross Goods and Services Tax (GST) collections rose 15.4% year-on-year to ₹2.11 lakh crore in July 2026.
- Domestic GST revenue increased 10.1% to ₹1.45 lakh crore, while GST on imports surged 28.8% to ₹66,511 crore.
- Net GST collections stood at ₹1.81 lakh crore, up 15.8% from the same month last year.
- Total GST refunds increased 13.1% to ₹29,968 crore, with export refunds up 22.7% to ₹12,288 crore.
- For April-July FY27, gross GST collections reached ₹8.43 lakh crore, a 10.1% increase from ₹7.66 lakh crore in the same period last year.
- Among major states, Haryana recorded the highest GST growth at 25%, followed by Gujarat and Telangana at 19% each.
- 28 of 36 states and union territories recorded positive GST growth in July 2026.