CapitalVia
CapitalVia Research Desk ·
CapitalVia Global Research Limited
Data story
28 Sep 2026
GST collections · August 2026

GST grew 14.8%. The part India paid at home grew 3.4%.

Gross GST hit ₹1,99,853 crore in August 2026 — the number in every headline. Take out tax paid at the border and money refunded, and net GST from domestic business grew just 3.4%.

Where August's extra GST came from
70%of the rise in net GST came from imports

Net GST rose by ₹12,876 crore year-on-year. ₹8,973 crore of that was IGST on imports (after export refunds). Domestic transactions added ₹3,904 crore.

August 2026
Imports
Home
69.7% · ₹8,973 cr₹3,904 cr · 30.3%
April–August 2026
Imports
Home
77.3% · ₹56,915 cr₹16,669 cr · 22.7%
From the headline to the home-grown number
Year-on-year growth, August 2026 vs August 2025 (provisional)
Gross, importsIGST collected at the border
29.0%
Net, importsafter export refunds
22.3%
Gross, totalthe headline figure
14.8%
Gross, domesticbefore refunds
9.3%
Net, totalafter all refunds
8.3%
Net, domesticwhat stays from home
3.4%
ImportsTotal & domesticNet domestic
The refund effect
Two-thirds

of the extra domestic GST collected in August went straight back out as refunds. Gross domestic GST rose ₹11,679 crore; domestic refunds rose ₹7,775 crore, up 72.6% to ₹18,490 crore. That money didn't vanish — it went back to businesses.

Home-grown GST: big states split both ways
Growth in domestic GST, August 2026 vs August 2025 — the 12 largest-collecting states (excludes GST on imports)
Uttar Pradesh
+19%
Telangana
+16%
Gujarat
+15%
Karnataka
+13%
Haryana
+12%
Delhi
+10%
All India
+9.3%
Maharashtra
+8%
West Bengal
0%
Tamil Nadu
−1%
Rajasthan
−2%
Andhra Pradesh
−7%
Odisha
−7%
← shrankgrew →
If you're salaried

"GST up 14.8%" is easy to read as shoppers spending freely. The domestic net figure is far quieter. Part of that is likely by design: since 22 Sep 2025 most goods sit in a 5% or 18% slab, so this August is being compared with the last August at the old, higher rates. Less GST per rupee spent is partly your saving.

If you're a founder

Refunds are where the action is. ₹31,795 crore went back to businesses in August — 67.9% more than a year ago — including ₹13,305 crore to exporters. If your model runs on input-tax credit or exports, refund cash is a working-capital line worth tracking month by month.

If you set budgets

Don't plan off the national average. Domestic GST rose 19% in Uttar Pradesh and 15% in Gujarat but fell 7% in Andhra Pradesh and Odisha. State GST reflects where tax is filed, not just where people buy — but a gap this wide is a signal to check regional demand before you split a target.

31.3%
Share of gross GST paid on imports, Aug 2026 (27.9% a year earlier)
+2.7%
Net domestic GST growth, Apr–Aug 2026
+30.4%
Net import GST growth, Apr–Aug 2026
+162%
Assam's domestic GST, Aug 2026 — the outlier the release doesn't explain
CapitalVia Global Research Limited

Source: GST Gross and Net Collections as on 31/8/2026 — the official monthly GST revenue report, published on the GST portal (gst.gov.in) on 1 September 2026 (PDF). National figures from the summary table; state growth from Table 3 (domestic collections, excludes GST on imports). Rate change date from the GST Council's 56th meeting recommendations, PIB, 3 September 2025 (release).

Estimates: None. All figures are from the release and are marked provisional in the release. The contribution shares (70% / 77%), the import share of gross GST (31.3%) and the "two-thirds" refund ratio are CapitalVia's arithmetic on the published figures: e.g. (₹49,299 − ₹40,326) ÷ (₹1,68,057 − ₹1,55,181) = 69.7%, and ₹7,775 ÷ ₹11,679 = 66.6%. The release's own totals were re-added and match to within ₹1 crore of rounding.

Note: State growth rates are shown as rounded in the release; the All-India bar uses the summary table's 9.3%. The 12 states shown collected the most domestic GST in August 2026. "Net, imports" is IGST on imports minus IGST refunds paid to exporters through ICEGATE, as the release defines it.

A data explainer for general education. Not investment, tax or legal advice.
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