This represents a robust 25.8% increase in imports compared to the previous year, contributing significantly to the overall GST revenue. The import-related GST revenue alone accounted for ₹57,580 crore.

In contrast, domestic revenue saw a more modest growth of 4.3%, totaling ₹1.85 lakh crore. This growth indicates that while import activities have flourished, there are signs of softening domestic demand.

The current figures show a notable rise from last year when the GST collection stood at ₹2.23 lakh crore in April 2025. Observers note that this year’s performance is part of an ongoing trend since April 2022, when the collection was only ₹1.67 lakh crore.

Key statistics:

• GST collection for April 2026: ₹2.43 lakh crore
• Year-on-year increase in imports: 25.8%
• Import-related GST revenue: ₹57,580 crore
• Domestic revenue: ₹1.85 lakh crore
• Total refunds issued: ₹31,793 crore, up by 19.3%

The refund process has also seen significant changes, with domestic refunds increasing by 54.6%, while export refunds fell by 14%. This shift may reflect changing priorities within the import-export landscape.

The economic implications of these developments remain under scrutiny as analysts consider how sustained high import levels might influence future economic growth and domestic demand trends.

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