India’s GST Collections Hit ₹1.83 Lakh Crore in February 2026

India’s GST collections for February 2026 rose to ₹1.83 lakh crore. Which is registering an 8.1% year on year (YoY) growth. According to official data released on March 1, 2026. The rise reflects steady economic activity and improved compliance in the indirect tax system. For the financial year 2025-26 (FY26), total gross GST revenue up to February 28 stood at ₹20.27 lakh crore, marking an 8.3% YoY increase.

GST Collections February 2026: Key Figures Explained

The gross GST collection of ₹1.83 lakh crore in February 2026 reflects consistent tax inflows from both domestic transactions and imports.

Key highlights

• Gross GST Revenue – ₹1.83 lakh crore.
• Year on Year Growth – 8.1%.
• Total Refunds – ₹22,595 crore (up 10.2% YoY).
• Net GST Revenue – ₹1.61 lakh crore.

After accounting for refunds, the government retained ₹1.61 lakh crore as net revenue for the month.

FY26 GST Revenue: Crossing ₹20 Lakh Crore Mark

For the financial year 2025-26, cumulative gross GST revenue up to February 28 reached ₹20.27 lakh crore, reflecting an 8.3% YoY increase.

This milestone indicates,

• Strong tax compliance.
• Sustained consumption demand.
• Stable formal sector growth.
• Improved digital tax reporting mechanisms.

Crossing ₹20 lakh crore before the financial year closes reinforces the stability of India’s indirect tax regime.

Domestic vs Import GST Revenue Trends

Breaking down the February 2026 data.

• Gross Domestic Revenue – ₹1.36 lakh crore (up 5.3% YoY).
• Gross Import Revenue – ₹47,837 crore (up 17.2% YoY).

The sharp rise in import revenue (17.2%) suggests increased trade activity and higher taxable imports. Meanwhile, domestic GST growth at 5.3% indicates steady but moderate internal consumption trends.

The higher import component played a major role in lifting overall GST collections in February.

Refund Growth and Net Revenue Impact

Total GST refunds for February stood at ₹22,595 crore and reflecting a 10.2% YoY increase.

Higher refunds generally indicate,

• Strong export activity.
• Improved refund processing efficiency.
• Better compliance among businesses.

Even after refund payouts net GST revenue remained robust at ₹1.61 lakh crore.

India’s GST System: A Quick Overview

• The Goods and Services Tax (GST) which is implemented in July 2017 and unified multiple indirect taxes into a single tax regime.
• It is governed by the Goods and Services Tax Council which includes representatives from the Union and State governments.
• GST revenue is shared between the Centre and States, forming a critical component of government finances.

Question

Q. India’s gross GST collection for February 2026 was,

A. ₹1.61 lakh crore
B. ₹1.83 lakh crore
C. ₹2.00 lakh crore
D. ₹20.27 lakh crore