India’s gross Goods and Services Tax (GST) collection for the month of March 2026 stood at INR 2 lakh crore, increased by 8.8 percent on a year-on-year basis (INR 1.84 lakh crore for the same period last year).
On a month-on-month basis, GST collection increased from INR 1.84 lakh crore in February 2026 to INR 2 lakh crore in March 2026.
Gross Domestic GST Revenue: Rose by 5.9 percent Y-o-Y to INR 1.46 lakh crore.
Import-Related GST Revenues: Grew by 17.8 percent annually (INR 53,861 crore).
1 March 2026
India’s goods and services tax (GST) collection for the month of February 2026 stood at ₹1.84 lakh crore, increased by 8.1 percent on a year-on-year basis (₹1.69 lakh crore for the same period last year).
Gross Domestic GST Revenue: Rose by 5.3 percent Y-o-Y to ₹1.35 lakh crore
Import-Related GST Revenues: Grew by 17.2 percent annually.
4 September 2025
The 56th GST (Goods and Services Tax) Council meeting, led by the honourable Finance Minister Shri Nirmala Sitharaman, on September 3, 2025, approved a two-slab structure, i.e., 5% and 18%, and no GST on individual health insurance policies.
Yes, there will be a special tax of 40 per cent for sin, super luxury, and demerit goods such as cigarettes, pan masala, and tobacco, as per the GST 2.0 news.
With these reforms, the GST will eliminate the multiplicity of slabs, i.e., 5 percent, 12 percent, 18 percent, and 28 percent.
In a late evening media briefing, finance minister Sitharaman said that this is not just GST rate rationalisation but a structural reform that will ease compliance.
The Finance minister also stated that 22 September 2025 is the Gst 2.0 effective date, the first day of Navratri…
Find details of the products available under the New gst rate cut.
PM Said –
Prime Minister Narendra Modi has said that “The next generation of GST reforms are a gift for every Indian this Diwali.”
It will benefit the common man, farmers, middle-class, MSMEs, women, and youth.
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