India, Feb. 1 -- Gross Goods and Services Tax (GST) revenue saw 6.2% annualized growth to over Rs.1.93 lakh crore in January 2026, with government officials and industry experts saying that the tax rates cut boosted the consumption that compensated for an expected sharper fall in collections because of the recent rates rationalisation.

The January 2026 collections were Rs.1,93,384 crore, compared to Rs.1,82,094 crore in January 2025 (after proportionately adjusting compensation cess amount of Rs.7,241 crore for a correct annualized comparison), according to government officials, who requested anonymity.

The net GST collection in January 2026 after refunds was Rs.1,70,719 crore compared to Rs.1,58,701 crore in January 2025, registering 7...