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		<title>Import Boosts India&#8217;s GST Collection to Record Levels</title>
		<link>https://newscricket.org/2026/05/01/import-boosts-india-s-gst-collection-to-record/</link>
		
		<dc:creator><![CDATA[newsroom]]></dc:creator>
		<pubDate>Fri, 01 May 2026 13:38:12 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[domestic demand]]></category>
		<category><![CDATA[economic growth]]></category>
		<category><![CDATA[GST collection]]></category>
		<category><![CDATA[import]]></category>
		<category><![CDATA[refund process]]></category>
		<guid isPermaLink="false">https://newscricket.org/2026/05/01/import-boosts-india-s-gst-collection-to-record/</guid>

					<description><![CDATA[<p>India's GST collection has soared to a record level due to a significant increase in imports. The collection reached ₹2.43 lakh crore in April 2026.</p>
<p>The post <a href="https://newscricket.org/2026/05/01/import-boosts-india-s-gst-collection-to-record/">Import Boosts India&#8217;s GST Collection to Record Levels</a> appeared first on <a href="https://newscricket.org">newscri</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>India&#8217;s <strong>goods and services tax (GST) collection</strong> reached a record ₹2.43 lakh crore in April 2026, driven by a substantial increase in imports.</p>
<p>Imports surged by <strong>25.8%</strong>, contributing significantly to the total GST revenue. The import-related GST revenue stood at ₹57,580 crore.</p>
<p>In comparison, last year&#8217;s April 2025 GST collection was ₹2.23 lakh crore. This indicates a strong upward trend in the country&#8217;s import activities.</p>
<p>Domestic revenue also saw a year-on-year increase of <strong>4.3%</strong>, totaling ₹1.85 lakh crore. However, signs of easing domestic demand have emerged.</p>
<p>The overall refund process also demonstrated growth, with total refunds increasing by <strong>19.3%</strong> to ₹31,793 crore. Domestic refunds rose sharply by <strong>54.6%</strong>, while export refunds declined by <strong>14%</strong>.</p>
<p>This boost in GST collection is significant for India&#8217;s economic landscape as it reflects both increased import trade and domestic consumption patterns.</p>
<p>Historically, the GST collection was ₹1.67 lakh crore in April 2022 and reached ₹2.10 lakh crore in April 2024, showing consistent growth over the years.</p>
<p>The current figures indicate that while imports are thriving, the underlying factors affecting domestic demand will require monitoring.</p>
<p>The post <a href="https://newscricket.org/2026/05/01/import-boosts-india-s-gst-collection-to-record/">Import Boosts India&#8217;s GST Collection to Record Levels</a> appeared first on <a href="https://newscricket.org">newscri</a>.</p>
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