March 2026 closed FY 2025-26 with ₹1,97,200 crore in GST collections (+9.2% YoY). Full-year collections touched ₹23.06 lakh crore — a 10.2% growth reflecting strong economic fundamentals and improved compliance.
This page is a record of GST collections for March 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 |
|---|---|---|---|---|---|---|
| Mar 2026 | ₹1972.0L Cr | ₹35,800 | ₹45,600 | ₹101,400 | ₹14,400 | +9.2% |
| Feb 2026 | ₹1834.0L Cr | ₹33,200 | ₹42,100 | ₹94,600 | ₹13,500 | +10.5% |
| 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% |
| Metric | FY 2025-26 | FY 2024-25 | Growth |
|---|---|---|---|
| Total FY Collection | ₹23.06 L Cr | ₹20.93 L Cr | +10.2% |
| Average Monthly | ₹1.92 L Cr | ₹1.74 L Cr | +10.3% |
| Highest Month | ₹2.03 L Cr (Apr'25) | ₹2.10 L Cr (Apr'24) | — |
| Lowest Month | ₹1.74 L Cr (Jun'25) | ₹1.57 L Cr (Jun'24) | +10.8% |
| IGST on Imports | ₹5.82 L Cr | ₹5.36 L Cr | +8.6% |
| Domestic (CGST+SGST) | ₹9.48 L Cr | ₹8.52 L Cr | +11.3% |
Businesses clear pending invoices and make advance payments before March 31 to manage P&L
Companies file pending GSTR-3B corrections, ITC reversals, and annual return adjustments
Central/State government departments exhaust annual budget allocations before FY close
CA firms and corporates settle disputed ITC claims and make voluntary payments
Expanded e-invoice mandate (₹5Cr threshold) drives better reporting and reduced evasion
New 2% TDS under reverse charge for B2B scrap (from Oct 2024) improved collection
Year-end settlements by corporates in Mumbai
IT services billing cycles, Q4 invoice clearing
Chemical exports, diamond polishing, textile orders
Auto sector (Sriperumbudur), IT corridor growth
FMCG distribution, construction materials demand
Auto sector Manesar, logistics hubs
Pharma bulk drug, IT services, defence orders
Services sector, e-commerce, trading
Steel, engineering goods, tea exports
Soybean processing, cement, power generation
India collected ₹1,97,200 crore (₹1.97 lakh crore) in gross GST during March 2026, representing a 9.2% year-on-year growth over March 2025 (₹1.81 lakh crore). The breakdown: CGST ₹35,800 Cr, SGST ₹45,600 Cr, IGST ₹1,01,400 Cr, and Cess ₹14,400 Cr.
The total gross GST collection for FY 2025-26 (April 2025 to March 2026) was approximately ₹23.06 lakh crore, with an average monthly collection of ₹1.92 lakh crore. This represents a 10.2% growth over FY 2024-25 (₹20.93 lakh crore). The growth was driven by improved compliance, e-invoicing expansion, and strong economic activity.
March collection (₹1.97L Cr) is typically lower than April (₹2.03L Cr) because: (1) March collections reflect February transactions (regular month), while April reflects March transactions (year-end surge); (2) Year-end settlements and advance payments spike in March transactions which appear in April's collection; (3) Some taxpayers delay March filings to early April.
Key growth drivers: (1) E-invoice mandate expansion to ₹5 Cr threshold bringing more businesses under formal reporting; (2) GSTR-2B matching eliminating fake ITC claims; (3) Biometric Aadhaar authentication reducing fraudulent registrations; (4) Real GDP growth of ~6.5% driving higher consumption and production; (5) RCM on metal scrap reducing evasion in informal sectors.
March 2026 (₹1.97L Cr) vs March 2025 (₹1.81L Cr) — 9.2% growth. vs March 2024 (₹1.63L Cr) — 20.9% two-year growth. vs March 2023 (₹1.46L Cr) — 34.9% three-year growth. The consistent double-digit growth over multiple years reflects both GDP growth and significantly improved tax compliance post-e-invoicing.
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