India June GST collections jump 13.9% YoY to ₹1.95 lakh crore

Import GST rose 34.6% and domestic GST increased 6.5%, while Q1 FY27 collections reached ₹6.32 lakh crore, pointing to resilient consumption and steady economic growth.

Summary

India’s goods and services tax collections climbed 13.9% year over year to ₹1.95 lakh crore in June, with import GST rising 34.6% and domestic GST up 6.5%. For Q1 FY27, total GST collections reached ₹6.32 lakh crore, an 8.4% increase from a year earlier. The figures indicate broad tax revenue strength, with the source framing the gains as a sign of resilient consumption and steady economic growth.

Terms & Concepts
  • GST: goods and services tax
  • Import GST: tax collected on imported goods and services