On one hand, while the whole world is worried about the ongoing tension in the Middle East and the increasing crisis in the Strait of Hormuz, on the other hand, India got good news on the first day of the month of May 1, 2026. Total GST (Goods and Services Tax) revenue in April reached a record of nearly ₹2.43 lakh crore (Rs 243 billion), according to government data. Total GST revenue in India reached a record of nearly ₹2.43 lakh crore (Rs 243 billion) in April, according to government data released on Friday. This shows an increase of 8.7% compared to the same month last year. These figures show that despite the ongoing uncertainty around the world, there has been no significant impact on business. This shows strong economic growth at the beginning of the new financial year.
This is a huge increase in annual GST revenue.
Latest data shows that GST (Goods and Services Tax) revenue has increased sharply this year, with ₹2.23 lakh crore (Rs 223 billion) collected in April 2025. This shows an increase of 8.7% year-on-year. Meanwhile, net GST revenue reached ₹2.11 lakh crore (Rs 211 billion), an increase of 7.3% year-on-year. These figures for April show the revenue of March. However, tensions between Iran, Israel and the United States have weighed on the global economy and sent crude oil prices soaring. On April 30, Brent crude crossed $126 per barrel amid fears of fresh conflict in the region. Detailed data showed total domestic revenue rose 4.3% year-on-year to ₹1.85 lakh crore (Rs 185 billion). GST revenue from imports increased by 25.8% to ₹57,580 crore (Rs 575.8 billion), suggesting that a large part of the increase came not from domestic demand but from foreign trade. Refunds also increased this month, with the total rising by 19.3% to reach ₹31,793 crore. Of this total, domestic refunds increased by 54.6%, while export-related refunds decreased by 14%, making the overall increase marginally lower.