In a boost to fiscal health, February 2026 GST revenues climbed 8.1% to ₹1.83 lakh crore from ₹1.69 lakh crore a year ago, as announced by the government. This comes after January’s ₹1.71 lakh crore haul, painting a picture of consistent collections.
Year-to-date FY26 (April-Feb) totals ₹20.27 lakh crore, an 8.3% jump from last year’s ₹18.72 lakh crore, demonstrating the tax system’s adaptability post-reforms.
Component-wise, CGST contributed ₹37,473 crore, SGST ₹45,900 crore, and IGST dominated with ₹1,00,236 crore. Refunds issued rose 10.2% to ₹22,595 crore, netting ₹1.61 lakh crore—a solid 7.9% growth.
Cess fell to ₹5,063 crore due to GST 2.0 implemented in September 2025, slashing tax slabs and eliminating cess on many items to ease business burdens and spur economic activity.
Maharashtra led collections, trailed by Gujarat, Tamil Nadu, Karnataka, Haryana, UP, Delhi, and West Bengal. Minimal inflows came from Lakshadweep, Andaman, Ladakh, Mizoram, Nagaland, and Manipur.
The data reflects a maturing indirect tax regime, balancing revenue growth with taxpayer relief. As India navigates global headwinds, these numbers offer optimism for sustained fiscal momentum into the year’s close.