New Delhi. There is good news on the economy front. Gross Goods and Services Tax (GST) Revenue Collection has increased by 6.2 percent to more than Rs 1.93 lakh crore in the month of January due to increase in revenue from imports.

The Directorate General of GST said in the data released on Sunday that the net Goods and Services Tax (GST) revenue collection increased by 7.6 percent in January and reached about Rs 1.71 lakh crore. However, the total ‘refunds’ declined by 3.1 per cent to Rs 22,665 crore.

According to the data, gross tax collection from domestic transactions increased by 4.8 per cent to Rs 1.41 lakh crore in January, while import revenue increased by 10.1 per cent to Rs 52,253 crore. Meanwhile, cess collection from tobacco products stood at Rs 5,768 crore in January. It stood at Rs 13,009 crore in January 2025, when cess was levied on luxury, harmful and injurious goods like cars and tobacco products.

It is noteworthy that the Central Government had reduced the GST rates on about 375 items from September 22, 2025, due to which the goods became cheaper. Also, instead of cess being levied on luxury, harmful and injurious goods as before, compensation cess is now levied only on tobacco and products. The reduction in GST rates has affected revenue collection.