Connect with us

Business

India’s GST Collections Rise 8.1% In February 2026, Imports Drive Growth

Published

on

India’s GST Collections Rise 8.1% In February 2026, Imports Drive Growth


Last Updated:

India’s GST collections in February 2026 rose 8.1 percent to Rs 1,83,609 crore, with strong growth in imports.

India GST Collections February 2026 Rise 8.1% To Rs 1.83 Lakh Crore

India GST Collections February 2026 Rise 8.1% To Rs 1.83 Lakh Crore

India’s Goods and Services Tax (GST) collections rose steadily in February 2026, with gross revenues increasing 8.1% year-on-year to Rs 1,83,609 crore, according to official data released by the government . Net GST revenue for the month stood at Rs 1,61,014 crore, marking a 7.9% annual growth after accounting for refunds.

The data, as published in the monthly GST statement for February 2026, indicates continued resilience in both domestic and import-driven tax collections.

Domestic And Import Revenues Show Broad-Based Growth

Gross domestic GST revenue for February 2026 rose 5.3% year-on-year to Rs 1,35,772 crore, compared with Rs 1,28,957 crore in February 2025 .

Revenue from imports recorded stronger growth, with gross import collections increasing 17.2% to Rs 47,837 crore during the month, up from Rs 40,821 crore a year earlier .

On a cumulative basis for the financial year up to February 2026, total gross GST collections stood at Rs 20,27,033 crore, reflecting an 8.3% rise over the corresponding period of the previous year .

Refunds Rise 10.2% In February

Total refunds issued during February 2026 amounted to Rs 22,595 crore, up 10.2% from Rs 20,500 crore in February 2025 .

Domestic refunds declined 5.3% year-on-year to Rs 9,939 crore. However, refunds relating to imports rose 26.5% to Rs 12,656 crore during the month .

On a net basis, domestic GST revenue increased 6.2% to Rs 1,25,833 crore, while net revenue from customs (GST) rose 14.2% to Rs 35,181 crore in February 2026 .

State-Wise Trends And Year-To-Date Performance

According to the state-wise settlement tables in the February statement, pre-settlement SGST collections for states and Union Territories rose 5% year-on-year in February 2026 .

Among large states, Maharashtra, Gujarat, Karnataka, and Uttar Pradesh recorded notable increases in pre-settlement SGST collections during the month. Cumulatively, pre-settlement SGST collections up to February 2026 rose 7% year-on-year, while post-settlement SGST increased 6% .

Click here to add News18 as your preferred news source on Google.

Check Iran Israel War News Today Live Updates.

Follow News18 on Google. Join the fun, play games on News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.

News business economy India’s GST Collections Rise 8.1% In February 2026, Imports Drive Growth
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Read More



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Co-op boss quits after ‘toxic culture’ claims reported by BBC

Published

on

Co-op boss quits after ‘toxic culture’ claims reported by BBC


Co-op chair Debbie White said: “We thank Shirine for her leadership and for the significant contribution she has made to our Co-op, to our communities and to the co-operative movement during her tenure. The Board is grateful for her commitment and leadership, particularly during a challenging few years, and we wish her every success in the future.”



Source link

Continue Reading

Business

Airfares likely to doubled as jet fuel price aurges to Rs417 in Pakistan – SUCH TV

Published

on

Airfares likely to doubled as jet fuel price aurges to Rs417 in Pakistan – SUCH TV



Air travel is all set to become highly expensive as the airlines are indicating at doubling the air ticket prices following a whopping increase in jet fuel rate.

The jet fuel price has rocketed to Rs417 from Rs388 per litre in Pakistan and the airlines have started to increase the airfares through enhancing fuel surcharge rates.

The airlines maintained the basic fare but added the fuel price surge into the fuel surcharge.

The one-way fare from Karachi to Islamabad and Lahore has shot up to Rs40,000 while air travel on chance seats for Islamabad and Lahore has soared by 150 percent.

Accordingly, the Pakistan International Airlines (PIA) has boosted the airfares by 10 to 100 dollars.

Domestic flights will now carry additional $10 fuel surcharge which on Canada routes extra $100 will be received as fuel charge.

Passengers on UK-bound flights to pay 75 dollars additional surcharge while 50 dollars will be received on Middle East routes.

Private airlines have gone a step ahead as they enforced charging additional 15 dollars to 150 dollars on different routes.

The airlines were under pressure after closure of many air routes with the airlines administrations are saying that extraordinary rise in airfares has become inevitable.

Earlier on Wednesday, Pakistan fuel NOTAM forced foreign airlines to tanker Jet A-1 fuel from abroad and limit uplift at Karachi and Lahore airports.

The Pakistan Airports Authority issued the order to protect local supplies amid supply disruptions.

Foreign carriers now arrive with enough fuel for their return flights while Pakistani airlines receive full requirements.

This change hit operations on March 25 when one Karachi-to-Doha flight diverted to Muscat.

The Pakistan fuel NOTAM A0147/26 took effect on March 13 and runs through March 31 2026. It targets Jinnah International Airport in Karachi and Allama Iqbal International Airport in Lahore.

Airlines follow the rule and carry maximum fuel on inbound legs. Officials confirm foreign airlines get only the minimum quantity inside Pakistan.

Pakistan fuel NOTAM creates immediate changes on the ground. Foreign airlines offload passenger baggage and cargo to stay within weight limits.

The extra fuel adds weight that reduces payload capacity on every affected flight.

According to a Notice to Airmen (NOTAM) issued by the PAA, the supply of aviation fuel at domestic airports has been significantly curtailed due to regional supply chain disruptions, advising international carriers to maximize their fuel “uplift” at foreign stations and minimize refuelling within Pakistan.

The directive has already begun to impact international flight schedules.



Source link

Continue Reading

Business

NS&I set to pay millions to customers over misplaced funds

Published

on

NS&I set to pay millions to customers over misplaced funds



The government-backed bank has been accused of a series of errors, including not paying bereaved families money that was rightfully theirs.



Source link

Continue Reading

Trending