India’s fiscal engine roared louder than ever in April as GST revenues hit a historic ₹2,42,702 crore, up 8.7% from the previous year’s ₹2,23,265 crore. Government data unveiled on Friday paints a picture of unyielding domestic vigor, brushing aside the economic ripples from Middle East strife that’s unsettling global trade.
Month-over-month, collections jumped from March’s ₹2,00,064 crore, reflecting accelerated economic activity. While crude oil volatility and shipping delays plague international economies, India’s robust consumer spending and industrial output have propelled tax inflows to new heights.
Component-wise, CGST accounted for ₹52,140 crore, SGST for ₹61,331 crore, and IGST for a whopping ₹1,29,232 crore—which included ₹57,580 crore from import duties. Refunds issued totaled ₹31,793 crore, comprising ₹5,253 crore from CGST, ₹5,889 crore from SGST, and ₹20,651 crore from IGST.
Stripping out refunds, net collections came in at ₹2,10,909 crore, surpassing last April’s figure by 7.3%. State-wise leaders included Maharashtra topping the charts at ₹13,793 crore, with Karnataka, Gujarat, Tamil Nadu, and Uttar Pradesh rounding out the top five.
Over FY 2025-26, gross GST surged 8.3% to ₹22.27 lakh crore, while net figures grew 7.1% to ₹19.34 lakh crore. This performance amid worldwide headwinds signals deep structural strengths in India’s economy, promising stability and expansion ahead.
