GST Collections Rise to ₹1.84 Lakh Cr in Feb, Growth Climbs to 5-Month High at 8.1%

India recorded ₹1.84 lakh crore in Goods and Services Tax (GST) collections in February, marking an 8.1% year-on-year increase and the fastest pace in five months, according to government data released on March 1.

The latest figures compare with ₹1.69 lakh crore collected in February last year and show an improvement over January’s 6.2% growth. The data reflect steady tax revenue trends amid ongoing domestic economic activity.

GST Growth Rate Accelerates to 8.1% in February

The GST growth rate accelerated to 8.1% in February. Gross domestic GST revenue rose 5.3% year-on-year to ₹1.35 lakh crore. After adjusting for refunds, net domestic revenue increased 6.2%.

Import-related revenues recorded stronger growth. GST collections from imports rose 17.2% annually, while net customs GST collections increased 14.2%.

Domestic and Import GST Collections Drive Tax Revenue in India

Domestic transactions accounted for the majority of February’s collections, while import-related revenues contributed to the overall increase.

The combined performance of domestic activity and imports supported higher tax revenue in India during the month.

GST Refunds Rise 10.2% Year-on-Year

GST refunds during the month increased by 10.2% year-on-year to ₹22,595 crore.

The higher refund outgo reflects continued claim processing alongside increased gross collections.

State-Wise GST Collections Show Mixed Trends

State-level data showed varied performance across regions.

Large industrial states such as Maharashtra, Karnataka and Gujarat reported steady growth in GST settlements. Some states recorded moderation, reflecting differences in local demand conditions.

Post-settlement revenues for states collectively increased about 7% compared with February last year.

GST Collections Remain Strong in Financial Year 2026

Collections above ₹1.8 lakh crore indicate consistent revenue performance in the financial year 2026.

The Indian economy expanded 7.8% in the third quarter, compared with 8.4% growth in the second quarter of FY26. Official projections estimate growth of 7.6% for the full fiscal year.

The February GST data adds to recent economic indicators reflecting ongoing domestic activity.

Source: https://www.moneycontrol.com/

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