TaxTMI 
TaxTMI 
Gross GST collections rise 6.2 pc to 3-month high of Rs 1.93 lakh cr in January
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....ross GST collections rise 6.2 pc to 3-month high of Rs 1.93 lakh cr in January<BR>GST<BR>Dated:- 1-2-2026<BR>PTI<BR>New Delhi, Feb 1 (PTI) Gross GST collections rose 6.2 per cent to a three-month high of over Rs 1.93 lakh crore in January, indicating increased consumption is making up for rate cuts late last year, sources said on Sunday. However, refunds dipped 3.1 per cent to Rs 22,665 crore, l....
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....eading to net Goods and Services Tax (GST) revenues growing 7.6 per cent to about Rs 1.71 lakh crore in January. Gross tax collections from domestic transactions grew 4.8 per cent to Rs 1.41 lakh crore, while import revenues were up 10.1 per cent to Rs 52,253 crore in January. GST rates on about 375 items were slashed, making goods cheaper, effective September 2025. Also, four tax slabs of 5, 1....
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....2, 18 and 28 per cent were merged into two of 5 and 18 per cent, with a highest 40 per cent slab for a select few ultra luxury goods and tobacco products. The GST collections had initially dipped in the first month of tax cut implementation, with revenues declining to Rs 1.70 lakh crore in November. It rose to Rs 1.74 lakh crore in December. The January number of Rs 1.93 lakh crore is closer t....
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....o about Rs 1.96 lakh crore collections in October. Deloitte India Partner M S Mani said: "The gross GST collections have grown by 6.2 per cent despite the significant rate reductions since September 25, indicating that increased consumption is more than making up for the rate reductions as rightly anticipated by the policy makers". While many large states continue to show only single-digit grow....
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....th in GST collections, there appears to be an improvement from the past three months, where some large states depicted below 5 per cent increases, Mani added. Cess collection (from tobacco products) in January stood at Rs 5,768 crore. This compares to Rs 13,009 crore in collections in January last year, when a cess was levied on luxury, sin and demerit goods such as cars, and tobacco products. ....
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.... Gross GST collections during April 2025 –January 2026 amounted to Rs 18.43 lakh crore, reflecting year-on-year growth of 8.3 per cent and broadly tracking nominal GDP growth. EY India, Tax Partner, Saurabh Agarwal, said the consistent revenue trajectory suggests that policy resets, like the September 2025 rate rationalisation, are successfully formalising the economy, insulating us from globa....
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....l headwinds while laying the groundwork for a robust, export-led GST expansion. PTI JD HVA<BR> News - Press release - PIB....