Earnings
GST Collections Rise 14.8% to Nearly ₹2 Lakh Crore in August 2026
This Fin Shorts update highlights a significant jump in India's Goods and Services Tax (GST) collections for August 2026. Gross GST revenue reached nearly ₹2 lakh crore, marking a robust 14.8% year-on-year growth. A key driver of this expansion was import-linked GST revenue, which saw a remarkable 29% increase, signalling strong inbound trade activity. This outpaced the 9.3% growth seen in domestic GST collections, reflecting sustained domestic consumption. Despite a surge in GST refunds to ₹31,795 crore, net GST collections still posted a healthy 8.3% rise, amounting to ₹1.68 lakh crore. This strong GST data underscores the resilience of the Indian economy and robust government revenue, even amidst global economic uncertainties. The Ministry of Finance will be watching this positive trend closely.
This Fin Shorts update highlights a significant jump in India's Goods and Services Tax (GST) collections for August 2026. Gross GST revenue reached nearly ₹2 lakh crore, marking a robust 14.8% year-on-year growth. A key driver of this expansion was import-linked GST revenue, which saw a remarkable 29% increase, signalling strong inbound trade activity. This outpaced the 9.3% growth seen in domestic GST collections, reflecting sustained domestic consumption. Despite a surge in GST refunds to ₹31,795 crore, net GST collections still posted a healthy 8.3% rise, amounting to ₹1.68 lakh crore. This strong GST data underscores the resilience of the Indian economy and robust government revenue, even amidst global economic uncertainties. The Ministry of Finance will be watching this positive trend closely.
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Vidyut Jammwal Earns Praise for His Hollywood Debut in Street Fighter
- Vidyut Jammwal makes his Hollywood debut as Dhalsim in the live-action Street Fighter film
- Viewers praised his flexibility, Kalaripayattu skills and performance alongside Hollywood co-stars
- The Free Press Journal reviewer gave the film four stars, praising its humour and action sequences
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