According to government data, the gross GST revenue from domestic transactions, inclusive of service imports, grew 10.1% year-on-year, reaching ₹1,44,695 crore in July.
Revenue from imports showed even stronger growth, increasing by 28.8% year-on-year to ₹66,511 crore for the month.
After accounting for refunds, net GST collections amounted to ₹1,81,237 crore in July 2026, marking a 15.8% increase compared to the same period last year.
The government disbursed GST refunds totaling ₹29,968 crore in July, which is a 13.1% rise from the previous year.
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As per MS Mani, Partner at Deloitte India, the robust GST collections signify ongoing economic resilience and correlate with the 7.3% growth in industrial production recorded in June.
He noted that steady growth in domestic GST collections suggests that consumption is becoming less affected by seasonal fluctuations and external pressures.
Vivek Jalan, Partner at Tax Connect Advisory Services LLP, mentioned that sustained GST collections exceeding the ₹2 lakh crore threshold demonstrate the economy’s resilience. Domestic revenues saw a gross increase of 10.1% and a net rise of 10.5%, indicating ongoing consumption and enhanced compliance.
“Out of 36 States and Union Territories, 28 reported positive revenue growth, with major economies like Maharashtra, Gujarat, Karnataka, and Telangana showing double-digit increases,” Jalan stated.
He also implied that certain regulatory deadlines may have aided revenue collection during the month. The July 31 deadline for pre-deposit requirements for submitting appeals to the GST Appellate Tribunal (GSTAT) might have spurred additional collections.
Manoj Mishra, Partner and Tax Controversy Management Leader at Grant Thornton Bharat, remarked that the July GST figures illustrate the durability of the Indian economy, as both gross and net collections experienced strong double-digit growth.
He pointed out that the substantial increase in import GST was driven by heightened imports and the depreciation of the rupee, which raised the taxable rupee value of imported goods, energy, and industrial inputs. Nonetheless, growth was not solely attributed to imports, as domestic GST collections also rose by 10.1%, reflecting consistent consumption, formalisation, and industrial activity.
Pratik Jain, Partner at Price Waterhouse & Co LLP, noted that the recent figures suggest that economic activity, consumption, and tax compliance have remained robust despite global uncertainties.
