India's gross GST collections rise 15.4% to Rs 2.11 lakh crore in July

India's gross Goods and Services Tax collections rose 15.4% year-on-year to ₹2.11 lakh crore in July 2026, marking a 14-month high, driven by strong domestic consumption and a 29% surge in import-related revenues. Domestic transaction tax grew 10.1% to ₹1.44 lakh crore, while import revenues climbed to ₹66,511 crore. For the April-June quarter, net GST collections increased 9.2% to ₹7.21 lakh crore, with gross revenue hitting ₹8.42 lakh crore, reflecting sustained economic activity across the world's fifth-largest economy.