India's gross GST revenue rose 14.7% year-on-year to ₹2.03 lakh crore in September 2026, reflecting continued strong tax collections. However, historical GST data shows a notable change in revenue composition. The share of GST collected from imports has reached its highest-ever level, while the share from domestic transactions has fallen to an all-time low.
This trend indicates that a growing portion of GST revenue now comes from taxes on imported goods rather than domestic economic activity. The shift highlights changing trade and consumption patterns and may affect the stability and makeup of future GST revenues, especially if import trends fluctuate.
Key takeaway: GST collections remain strong, but their source is increasingly shifting from domestic transactions toward imports.
