Categories: GST Filling

Summary of August 2026 GST Revenue Review

Summary of August 2026 GST Revenue Review

The AUG 2026 gst revenue report final for publishing monthly shows a strong GST collection trend in August 2026, driven mainly by higher import-related GST collections and steady domestic growth.

Key Highlights- August 2026 GST Revenue

1. Gross GST Collection Crosses INR 1.99 Lakh Crore

  • Gross GST revenue for August 2026 stood at INR 1,99,853 crore compared to INR 1,74,116 crore in August 2025.
  • This represents a 14.8% year-on-year growth.

2. Net GST Revenue Grows 8.3%

  • After adjusting for refunds, Net GST Revenue was INR 1,68,057 crore in August 2026 against INR 1,55,181 crore in August 2025.
  • Net collections increased by 8.3%.

3. Strong Growth in Import GST

  • GST collected on imports increased from INR 48,546 crore to INR 62,604 crore.
  • Growth in import GST was 29%, indicating strong import activity and customs-related collections.

4. Domestic GST Revenue Remains Healthy

  • Domestic gross GST collections rose from INR 1,25,570 crore to INR 1,37,249 crore.
  • Growth recorded was 9.3% over August 2025.

5. Refunds Increased Significantly

  • Total GST refunds during August 2026 were INR 31,795 crore against INR 18,935 crore in August 2025.
  • Refunds increased by 67.9%, reflecting faster refund processing by the tax administration.

State-wise Performance

Top Performing States

  • Assam: +162% growth
  • Uttar Pradesh: +19%
  • Telangana: +16%
  • Gujarat: +15%
  • Kerala: +13%
  • Karnataka: +13%
  • Punjab: +12%
  • Haryana: +12%

Moderate Growth States

  • Delhi: +10%
  • Bihar: +9%
  • Maharashtra: +8%
  • Madhya Pradesh: +7%

States Showing Decline

  • Sikkim: -63%
  • Himachal Pradesh: -23%
  • Meghalaya: -21%
  • Puducherry: -13%
  • Jammu & Kashmir: -9%
  • Uttarakhand: -9%
  • Odisha: -7%
  • Andhra Pradesh: -7%
  • Rajasthan: -2%
  • Goa: -2%
  • Tamil Nadu: -1%

Top GST-Contributing States (August 2026)

State GST Collection (INR  Crore)
Maharashtra 28,779
Karnataka 14,148
Gujarat 12,047
Tamil Nadu 10,189
Haryana 10,184
Uttar Pradesh 9,092
Delhi 6,216
Telangana 5,343
West Bengal 5,053

Year-to-Date Position (April-August 2026)

  • Gross GST Revenue: INR 10,42,757 crore – Growth: 11%
  • Net GST Revenue: INR 8,89,523 crore – Growth: 9%
  • Import GST Revenue: INR 3,06,387 crore – Growth: 27.3%

Key Takeaways

  • GST collections remain robust, with gross collections nearing ₹2 lakh crore in August 2026.
  • Import-related GST collections are the primary growth driver, growing 29%
  • Domestic GST growth of 9.3% indicates steady economic activity and improved compliance.
  • Refunds have increased sharply, signalling quicker working capital relief to businesses.
  • Assam, Uttar Pradesh, Telangana, Gujarat and Karnataka emerged as major growth contributors, while states such as Sikkim, Himachal Pradesh and Meghalaya witnessed a decline.

Conclusion

August 2026 GST collections reflect continued economic resilience, improved tax compliance, and strong import activity. With gross collections touching INR 1.99 lakh crore and year-to-date growth of 11%, GST revenues remain on a healthy growth trajectory despite higher refunds and mixed state-wise performance

Tags: GST Revenue Review
17 mins ago
Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

Leave a Comment

Related Post

Recent Posts

Depreciation Rate Chart (Income-tax Act, 1961)

Depreciation Rate Chart (Income-tax Act, 1961) (As shown in the image - applicable from FY 2025-26 onwards on WDV basis)… Read More

20 seconds ago

DPDP Compliance Readiness: A Detailed Guide for Businesses

DPDP Compliance Readiness: A Detailed Guide for Businesses The Digital Personal Data Protection Act, 2023 (DPDP Act) and the DPDP… Read More

6 hours ago

CBDT Extends Tax Audit & ITR Due Dates for AY 2026-27

CBDT Extends Tax Audit & ITR Due Dates for AY 2026-27 Background: The Rajasthan High Court's Intervention The announcement came… Read More

9 hours ago

TDS on Purchase of Property from a NRI: PAN-Based Compliance

TDS on Purchase of Immovable Property from a Non-Resident: PAN-Based Compliance from 1 October 2026 Income-tax (Fifth Amendment) Rules, 2026… Read More

1 day ago

Running a Crypto Corporate over-the-counter Desk in India

Running a Crypto OTC Desk in India: A Complete Guide to Accounting, Tax, GST and Regulatory Compliance for USDT Transactions… Read More

3 days ago

FTC Cannot Be Denied Merely for Late Filing of Form 67

Foreign Tax Credit Cannot Be Denied Merely for Late Filing of Form 67: ITAT Bangalore Ruling Explained A recent decision… Read More

3 days ago
Call Us Enquire Now