EconomyMonday, 28 September 2026·The Hindu - Economy
GST collections cross ₹2 lakh crore again in September 2026; Council meets on October 7
India’s gross GST collections rose 14.7% to over ₹2.03 lakh crore in September 2026, with the GST Council scheduled to meet on October 7.
Key highlights
Direct fact
In September 2026, India’s gross GST collections rose 14.7% to over ₹2.03 lakh crore, and the GST Council, which includes Centre and state finance ministers, is scheduled to meet on October 7, 2026.
Key specifics
- Gross GST collections: over ₹2.03 lakh crore in September 2026, up 14.7% year on year.
- Domestic collections: about ₹1.38 lakh crore, a 10.1% rise.
- Import-related GST revenue: ₹65,525 crore, up 26%.
- Refunds: ₹27,001 crore in September 2026, down 3% year on year.
- Net GST collections: over ₹1.76 lakh crore, up 18.1% after refunds.
Exam lens
Economy and taxation MCQ focus: gross GST, net GST, domestic vs import collections, GST Council meeting on October 7, 2026; TNPSC may ask the month-wise collection trend and the role of refunds in net revenue.