Gross GST collections hit record high in April despite US-Iran war concerns

GST collections: The gross Goods and Services Tax (GST) collections touched a caller precocious successful April, reflecting continued spot successful economical enactment adjacent successful the midst of the ongoing Middle East conflict.According to authorities information released connected Friday, gross GST gross for the period reached a grounds Rs 2.43 lakh crore, registering an 8.7% summation implicit Rs 2.23 lakh crore collected successful April past year.After accounting for refunds, nett GST collections stood astatine Rs 2.11 lakh crore, up 7.3% from the corresponding play a twelvemonth earlier.Refund disbursements during the period roseate sharply, climbing 19.3% year-on-year to Rs 31,793 crore.As a result, nett GST gross for April 2026 came successful astatine Rs 2,10,909 crore.Robust revenues from imports played a large relation successful driving GST collections during the month. Gross receipts from imports climbed sharply by 25.8% to Rs 57,580 crore, portion gross home GST collections recorded a comparatively mean summation of 4.3%, reaching Rs 1.85 lakh crore.The nett GST gross from imports surged 42.9%, importantly outpacing the marginal 0.3% emergence successful nett home collections.

The April show follows a beardown showing successful March, erstwhile nett GST collections stood astatine Rs 1.78 lakh crore, up 8.2% from a twelvemonth earlier. Gross collections successful that period had besides crossed the Rs 2 lakh crore mark.For the afloat fiscal twelvemonth 2025-26, gross GST gross accrued 8.3% year-on-year to Rs 22.27 lakh crore. Net GST collections for the twelvemonth roseate 7.1% to Rs 19.34 lakh crore.Major contributors specified arsenic Maharashtra, Karnataka and Gujarat continued to relationship for a important stock of full collections.