Earnings
GST Collections Rise 14.8% to Nearly ₹2 Lakh Crore in August 2026
This 'Insights' piece delves into the latest GST collections data for August 2026, revealing a robust year-on-year growth of 14.8%, pushing total collections to an impressive ₹1.99 lakh crore. The story highlights the significant jump in import-linked GST revenue, which surged by 29%, indicating strong inbound trade activity and contributing substantially to India's tax revenue. Domestic GST collections also showed healthy growth at 9.3%, underscoring resilient domestic consumption. While gross collections were high, net collections saw an 8.3% rise to ₹1.68 lakh crore, influenced by a substantial increase in GST refunds. This trend points to continued economic activity and effective indirect tax collection mechanisms in India, even amidst global economic shifts. The Ministry of Finance will be keen to observe this upward trajectory of GST revenue.
More in Earnings
Global markets
Global Bond Yields Surge as Oil and Inflation Fears Hit Japan, UK and US
- Global bond yields rose as higher oil prices revived inflation and rate-hike fears
- Japan's 10-year bond yield hit 3% for the first time since 1996 amid fiscal concerns
- U.S. Treasury and UK gilt yields rose as investors reassessed inflation and debt risks
Results
Bajaj Auto Sales Surge 28% as Exports Jump 51% in August 2026
- Bajaj Auto's August sales rose 28% to 5.36 lakh units, driven by a sharp 51% exports jump
- Exports surged 51% to 2.80 lakh units, outpacing Bajaj Auto's 10% domestic sales growth
- Two-wheeler sales climbed 30%, with exports rising 53% and driving the strongest growth