January 2026 delivered ₹1,92,300 crore in GST — the highest growth rate (11.3%) in H2 FY26. Strong Q3 corporate filings, festive season carryover, and anti-evasion measures drove the second-highest monthly collection of the fiscal year.
This page is a record of GST collections for January 2026. The GST rates it mentions applied at the time, and many have changed since, including in the September 2025 revision. Check today's rates in the CBIC rate notifications.
| Month | Total | CGST | SGST | IGST | Cess | YoY |
|---|---|---|---|---|---|---|
| Jan 2026 | ₹1923.0L Cr | ₹34,900 | ₹44,200 | ₹99,300 | ₹13,900 | +11.3% |
| Dec 2025 | ₹1862.0L Cr | ₹33,800 | ₹42,800 | ₹96,200 | ₹13,400 | +8.7% |
| Nov 2025 | ₹1812.0L Cr | ₹32,800 | ₹41,600 | ₹93,800 | ₹13,000 | +9.8% |
| Oct 2025 | ₹1845.0L Cr | ₹33,400 | ₹42,300 | ₹95,600 | ₹13,200 | +10.1% |
| Sep 2025 | ₹1786.0L Cr | ₹32,300 | ₹40,800 | ₹92,500 | ₹13,000 | +9.5% |
| Aug 2025 | ₹1758.0L Cr | ₹31,800 | ₹40,200 | ₹90,900 | ₹12,900 | +10% |
Corporate Q3 settlements, December festive sales reflection
IT billing cycle (quarterly), SaaS companies year-end
Chemical exports, textile manufacturing, ceramic sector
Auto sector (year-end targets), electronics, IT services
FMCG, sugar, real estate registration activity
Auto OEMs (Maruti Manesar), IT corridor Gurgaon
Pharma exports (US FDA approvals), IT/ITES
Trading, government procurement, services
| Metric | FY 2025-26 (10M) | FY 2024-25 (10M) | Growth |
|---|---|---|---|
| YTD (Apr-Jan) Collection | ₹19.07 L Cr | ₹17.26 L Cr | +10.5% |
| Average Monthly (10M) | ₹1.91 L Cr | ₹1.73 L Cr | +10.4% |
| Jan vs Jan LY | ₹1.92 L Cr | ₹1.73 L Cr | +11.3% |
| IGST (Imports YTD) | ₹4.81 L Cr | ₹4.43 L Cr | +8.6% |
| Domestic (CGST+SGST YTD) | ₹7.79 L Cr | ₹6.99 L Cr | +11.4% |
| Cess Collection YTD | ₹1.35 L Cr | ₹1.24 L Cr | +8.9% |
October-December quarter filings by large corporates reflect strong festive/holiday season sales across FMCG, auto, electronics
TCS mechanism on e-commerce (Section 52) capturing more transactions. Amazon, Flipkart, Meesho collections growing 15%+ YoY
Global trade recovery and electronics imports (phones, semiconductors, capital goods) drove IGST on imports up 8.6%
December is peak auto sales month — OEMs push inventory clearing leading to high GST on vehicles (28%+cess)
Biometric Aadhaar (nationwide from Oct 2024), GSTR-2B auto-matching, and system-based suspension reduced fake ITC by ₹20,000+ Cr annually
RERA completions, festive season bookings, and commercial real estate leasing activity drove 18% GST on under-construction sales
India collected ₹1,92,300 crore (₹1.92 lakh crore) in gross GST during January 2026 — a 11.3% year-on-year growth over January 2025 (₹1.73 lakh crore). This was the second-highest monthly collection in FY 2025-26, behind only April 2025 (₹2.03L Cr). The breakdown: CGST ₹34,900 Cr, SGST ₹44,200 Cr, IGST ₹99,300 Cr (including ₹50,100 Cr on imports), and Cess ₹13,900 Cr.
January collection reflects December transactions — the peak consumption month. Key drivers: (1) Christmas/New Year sales across all sectors; (2) Corporate Q3 billing cycle completions; (3) Auto industry year-end push (highest registration month); (4) E-commerce year-end sales; (5) Year-end maintenance/capital expenditure by companies before budget cuts. Additionally, improved compliance through anti-evasion measures (biometric Aadhaar, GSTR-2B matching) added structural revenue gains.
IGST collection was ₹99,300 Cr (51.6% of total) — split between imports (₹50,100 Cr) and inter-state supplies (₹49,200 Cr). The import component grew 8.6% YoY driven by electronics (iPhones, semiconductors), crude oil, gold, and capital goods. The inter-state component grew faster at 12.1%, reflecting strong domestic manufacturing and distribution activity. After IGST settlement, Centre gets ~50% and States get ~50%.
The timing works like this: October/November (Diwali, Dussehra) → Sales happen → GST collected by sellers → Filed in GSTR-3B of next month → Government receives in Dec-Jan. Similarly, December (Christmas, year-end) sales reflect in January collection. The festive effect is spread across Oct-Jan collections. January specifically captures: (1) Late Diwali/Dhanteras purchases; (2) Christmas shopping; (3) Year-end corporate spending; (4) Auto registration rush.
Karnataka (Bengaluru) is India's IT capital with 40%+ of India's IT/ITES exports. Large IT companies (Infosys, Wipro, TCS offices) bill quarterly. Q3 (Oct-Dec) billing gets reported in January GSTR-3B. SaaS companies (Zoho, Freshworks, etc.) have annual renewal cycles in December-January. The combination makes Karnataka's January collection spike — hitting ₹19,400 Cr (10.1% national share), its highest monthly contribution in H2.
Our team ensures you claim every eligible ITC while maintaining full GSTR-2B reconciliation compliance.
Talk to Our GST Team