India's gross Goods and Services Tax (GST) collections for April 2026 reached a record ₹2.42 lakh crore (approximately $29 billion), reflecting an 8.7% increase compared to the same month last fiscal year. This data, released on Friday, suggests that business activity remains strong despite ongoing global uncertainties. The previous record was set in April 2025 at ₹2.37 lakh crore. Net GST collections for April 2026 were ₹2.11 lakh crore, marking a 7.3% year-on-year rise. The growth was primarily driven by robust import-linked revenues, with gross import revenue increasing by 25.8% to ₹57,580 crore. Additionally, total refunds rose by 19.3% to ₹31,793 crore, contributing to a net GST revenue of ₹2,10,909 crore for the month. The data indicates a mixed but improving trend across various states, with significant contributions from major states like Maharashtra, Karnataka, and Gujarat.