India's GST Collections Jump 6.2% to ₹1.93 Lakh Crore in January

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AuthorRiya Kapoor|Published at:
India's GST Collections Jump 6.2% to ₹1.93 Lakh Crore in January
Overview

Gross Goods and Services Tax (GST) collections for January reached over Rs 1.93 lakh crore, marking a 6.2% increase year-on-year. This growth was primarily fueled by higher revenues from imports, which rose 10.1%. Net GST revenues saw a 7.6% uplift, reaching approximately Rs 1.71 lakh crore. Domestic transaction collections grew a more modest 4.8%. The revised GST rates, effective September 2025, continue to influence overall collections.

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Revenue Snapshot

Gross Goods and Services Tax (GST) collections in India hit over ₹1.93 lakh crore in January, a 6.2% increase from the previous year. This figure represents the total tax collected before refunds. Total refunds issued during the month saw a slight decline of 3.1%, amounting to ₹22,665 crore.

Net Collections and Growth Drivers

Net GST revenues, after accounting for refunds, climbed 7.6% to approximately ₹1.71 lakh crore. This growth was significantly bolstered by import revenues, which surged by 10.1% to ₹52,253 crore. In contrast, gross tax collections from domestic transactions experienced a more moderate increase of 4.8%, reaching ₹1.41 lakh crore.

Cess and Rate Adjustments

Cess collection stood at ₹5,768 crore in January. This figure is notably lower than the ₹13,009 crore collected in the same month last year, primarily because a cess was previously levied on a wider range of goods, including luxury, sin, and demerit items. Since September 22, 2025, GST rates on approximately 375 items were reduced, making them cheaper. The compensation cess is now predominantly levied only on tobacco and related products, impacting overall revenue composition.

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