India's Goods and Services Tax (GST) collections continued their steady growth trajectory in January 2026, reflecting resilient domestic demand and improved compliance. According to the final provisional data released by the government, gross GST revenue for January 2026 stood at Rs 1,93,384 crore, marking a 6.2% year-on-year increase over January 2025.
Domestic and Import GST Performance
Domestic GST collections recorded a healthy rise during the month. Gross domestic revenue increased to Rs 1,41,132 crore, compared to Rs 1,34,641 crore in January last year, registering a growth of 4.8%. The improvement was driven by higher CGST, SGST and IGST collections from internal supplies.
Import-related GST showed stronger momentum. Gross GST revenue from imports rose by 10.1% year-on-year to Rs 52,253 crore, indicating sustained import activity and stable customs collections.
Component-Wise Break-Up of Gross GST Revenue
On a component basis:
- CGST collections rose to Rs 38,792 crore
- SGST collections increased to Rs 47,817 crore
- IGST collections, including imports, stood at Rs 1,06,775 crore
Overall, total gross GST revenue (domestic + imports) increased from Rs 1,82,094 crore in January 2025 to Rs 1,93,384 crore in January 2026.
Refunds and Net GST Revenue
GST refunds during January 2026 were lower on a monthly basis. Total refunds amounted to Rs 22,665 crore, down by 3.1% compared to the same month last year. Domestic refunds declined by over 7%, while export-related IGST refunds saw a modest rise.
After adjusting for refunds, net GST revenue for January 2026 stood at Rs 1,70,719 crore, registering a 7.6% year-on-year growth. Net domestic revenue increased by 6.2%, while net GST revenue from imports grew by nearly 12%.
Cumulative GST Collections Till January 2026
On a cumulative basis for FY 2025-26 (April to January):
- Total gross GST revenue reached Rs 18.43 lakh crore , showing an 8.3% growth over the corresponding period of the previous financial year.
- Net GST revenue stood at Rs 15.96 lakh crore , reflecting a growth of 6.8% year-on-year.
State-Wise SGST Performance
State GST collections also reflected broad-based improvement. Large states such as Maharashtra, Gujarat, Karnataka, Tamil Nadu and Uttar Pradesh reported higher SGST revenues in January 2026. Maharashtra remained the top contributor, with post-settlement SGST collections exceeding Rs 10,500 crore for the month.
However, some states and Union Territories witnessed marginal declines, highlighting uneven regional recovery patterns.
Compensation Cess Trends
Net compensation cess revenue for January 2026 stood at Rs 5,768 crore, significantly lower than the previous year. The government reiterated that the cess continues only as a transitory arrangement until outstanding borrowings and interest liabilities are fully discharged.
Outlook
The January 2026 GST numbers underscore the stability of India's indirect tax framework despite global economic uncertainties. Rising net collections, controlled refunds, and consistent state-level revenues indicate improved compliance and sustained consumption. Analysts expect GST revenues to remain buoyant in the closing months of FY 2025-26, supported by formalisation of the economy and technology-driven tax administration reforms.
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