Goods and Services Tax (GST) collections in the country rose 13.9 percent to ₹1.95 lakh crore in June 2026 compared to the same month last year. This was the highest annual growth in the last 13 months. However, experts are concerned that the main part of this increase is tax revenue from imports. GST collections on domestic transactions grew by only 6.5 percent. This suggests that domestic manufacturing needs to be further strengthened, according to financial experts. On the occasion of the completion of nine years of GST implementation, the Center has suggested that the focus should be on correcting the remaining shortcomings in the tax system, input tax credit, dispute resolution, and inverted duty structure.
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GST collections increase by 14%… Revenue dependent on imports
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tmanasa
- July 2, 2026
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Goods and Services Tax (GST) collections in the country rose 13.9 percent to ₹1.95 lakh crore in June 2026 compared to the same month last year. This was the highest annual growth in the last 13 months. However, experts are concerned that the main part of this increase is tax revenue from imports. GST collections on domestic transactions grew by only 6.5 percent. This suggests that domestic manufacturing needs to be further strengthened, according to financial experts. On the occasion of the completion of nine years of GST implementation, the Center has suggested that the focus should be on correcting the remaining shortcomings in the tax system, input tax credit, dispute resolution, and inverted duty structure.
