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Gross GST Collection Grows 14.8% to ₹2 Lakh Crore, Net at ₹1.68 Lakh Crore in August

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
01 Sept 2026
~2 min
Source: The Hindu
Key Data:₹2 lakh crore14.8%₹1.68 lakh crore8.3%₹31,795 crore68%
Practice MCQs from today's news ▸
What This Article Covers

1.Gross GST collection grew to ~₹2 lakh crore, a 14.8% YoY increase, with domestic transactions up 9.3% and import revenue surging 29%.

2.Net GST collection (after refunds) was ₹1.68 lakh crore, reflecting an 8.3% YoY growth, while refunds jumped 68% to ₹31,795 crore.

3.The data underscores strong economic activity and improved tax compliance, with import-led revenue growth offsetting domestic moderation.

The Big Picture
Prelims · HighMains · Medium

Gross GST collections rose 14.8% year-on-year to approximately ₹2 lakh crore in August, driven by a 29% surge in import revenue and 9.3% growth in domestic transactions. Net GST (after refunds) stood at ₹1.68 lakh crore, up 8.3%, while refunds jumped 68% to ₹31,795 crore, indicating improved compliance and processing.

Exam Lens

Quick Exam Facts From News

Gross GST (August)~₹2 lakh crore
Gross GST Growth (YoY)14.8%
Net GST (August)₹1.68 lakh crore
Net GST Growth (YoY)8.3%
CGST Collection₹38,413 crore
SGST Collection₹46,316 crore
IGST Collection₹1.15 lakh crore
Domestic GST Revenue Growth9.3%
Import GST Revenue Growth29%
Refunds (August)₹31,795 crore (68% jump)

1-Minute Revision

  • ›Gross GST (August): ~₹2 lakh crore
  • ›Gross GST Growth (YoY): 14.8%
  • ›Target this Data: Gross GST = ~₹2 lakh crore (14.8% growth), Net GST = ₹1.68 lakh crore (8.3% growth), Refunds = ₹31,795 crore (68% jump).
  • ›Target this Data: Import GST growth 29% to ₹62,604 crore; Domestic growth 9.3% to ₹1.37 lakh crore.
  • ›Target this Composition: CGST ₹38,413 crore, SGST ₹46,316 crore, IGST ₹1.15 lakh crore.

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which of the following is NOT a component of GST as mentioned in the article?

Q2Statement-basedHard

Consider the following statements:

1. Gross GST collection grew by 14.8% year-on-year.

2. Net GST collection was ₹2 lakh crore.

3. Refunds increased by 68% to ₹31,795 crore.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the news, what was the approximate gross GST collection in August 2026?

Q4Application/ImpactMedium

What does the 29% increase in GST revenue from imports primarily indicate?

All 25 MCQs ▸
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