GST collections rise 14% to rRs.r1.95 lakh crore in June on strong domestic demand
India, July 1 -- The gross Goods and Services Tax (GST) revenue in June rose nearly 14% year-on-year to about Rs.1.95 lakh crore from Rs.1.71 lakh crore in the same month last year, reflecting robust domestic consumption and external trade.
According to monthly collection data released by the finance ministry on Wednesday, gross GST revenue mop up in June was Rs.1,94,812 crore as compared to Rs.1,71,105 crore.
Gross collections from domestic transactions were Rs.1,34,774 crore in June 2026, which was 6.5% more than Rs.1,26,506 crore collected in June 2025.
Gross GST revenue from imports surged 34.6% year-on-year to Rs.60,038 crore in June, up from Rs.44,600 crore in the corresponding month last year. Experts attributed the sharp increa...
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