The government data has showed that gross Goods and Services Tax (GST) collection rose 8.1 per cent to over Rs 1.83 lakh crore in February 2026 as compared to Rs 1.69 lakh crore collected in February 2025. The rise was driven largely by strong growth in tax collections from imports. 

Gross tax collections from domestic transactions grew 5.3 per cent to Rs 1.36 lakh crore, while import revenues were up 17.2 per cent to Rs 47,837 crore in February. Total refunds were up 10.2 per cent year-on-year at Rs 22,595 crore for the month under review.  Total net GST collection stood at over Rs 1.61 lakh crore, up 7.9 per cent year-on-year. Net cess revenue was Rs 5,063 crore, down from Rs 13,481 crore in February last year.  

The GST collections had initially dipped in the first month of tax cut implementation, with revenues declining to Rs 1.70 lakh crore in November 2025. The collection rose to Rs 1.74 lakh crore in December 2025 and further to Rs 1.93 lakh crore in January 2026. Meanwhile, effective September 22, 2025, GST rates on about 375 items were slashed, making goods cheaper. Also, four tax slabs of 5, 12, 18 and 28 per cent were merged into two of 5 per cent and 18 per cent, with a highest 40 per cent slab for a select few ultra luxury goods and tobacco products.