GST FY26 state collections: Maharashtra widens lead

FY26 GST headline numbers investors are tracking

India’s Goods and Services Tax (GST) collections for FY2025-26 (FY26) touched ₹22.27 lakh crore. The total was up a marginal 0.8% over ₹22.09 lakh crore collected in FY2024-25 (FY25). Social media discussion around the data has focused on the mix of growth rather than the headline figure. Domestic GST collections moderated during the year, while import-linked collections strengthened. The overall picture being debated is one of steady tax mobilisation with a clear shift in where growth came from. This mix matters for how market participants read demand versus trade-linked activity. State-wise rankings from GST Council data also became a key talking point. Maharashtra remained the dominant contributor, and its share in the top-10 pool reportedly increased.

Domestic collections fell, imports did the heavy lifting

Domestic GST collections stood at ₹16.32 lakh crore in FY26. That was a 2.6% decline from ₹16.76 lakh crore in FY25, as cited in the circulated summaries. One stated reason in the discussion was the discontinuation of the Cess framework. In contrast, import-related GST collections rose 11.7% to ₹5.95 lakh crore from ₹5.33 lakh crore. This import-led growth is what pushed the overall FY26 total slightly higher year-on-year. Commentators online have treated this divergence as the central FY26 takeaway. The context shared also notes that the domestic table used in some posts excludes GST on import of goods. Readers should keep that scope difference in mind when comparing monthly and annual figures.

Maharashtra stays No.1 as FY26 rankings circulate

According to GST Council data circulating on social platforms, Maharashtra ranked first in FY26. The state’s FY26 GST collection is shown at ₹3,61,777.65 crore. Karnataka is listed second at ₹1,58,217.30 crore, followed by Gujarat at ₹1,35,415.19 crore. Tamil Nadu appears next at ₹1,30,248.08 crore, with Haryana close behind at ₹1,21,079.98 crore. Uttar Pradesh is shown at ₹99,916.69 crore, followed by Delhi at ₹80,425.00 crore. West Bengal (₹65,229.56 crore) and Telangana (₹60,839.67 crore) complete the top set in the shared table. The ranking has been used online to frame where the country’s GST base remains concentrated.

A small share shift: Maharashtra’s weight in top-10

One widely repeated point is that Maharashtra’s contribution to the top-10 GST collecting states increased. The stated share moved from around 21.4% in FY25 to nearly 22.1% in FY26. Social posts interpret this as Maharashtra maintaining its dominance as India’s largest industrial and commercial hub. The data point has also been linked to the state’s consistent outperformance in monthly collections cited for mid-2026. While the change is not described as dramatic, it is presented as meaningful in a year where the national total grew only marginally. The share discussion has also become a proxy debate about regional concentration in India’s tax base. At the same time, the FY26 ranking still shows multiple states with large bases, particularly Karnataka and Gujarat. For market watchers, these shifts are often read alongside industrial activity and services intensity, even when the GST tables themselves do not break down sectors.

July 2026 snapshot: growth diverges by state

Monthly comparisons circulated for July 2026 show differences across major states. Maharashtra is shown at ₹32,210 crore in July 2026 versus ₹28,551 crore in July 2025, a 13% year-on-year rise. Karnataka’s July 2026 collection is listed at ₹13,854 crore with 12% growth, while Gujarat is at ₹12,923 crore with 19% growth. Haryana stands out at ₹11,892 crore, up 25% year-on-year in that month’s table. Uttar Pradesh is shown at ₹9,651 crore with 15% growth, while Delhi is at ₹6,460 crore with 8% growth. Tamil Nadu is an outlier in the same snapshot, with ₹10,414 crore and a reported -1% year-on-year change. The long-tail view in the shared tables also shows sharp declines for some smaller states in July, including Sikkim (-59%), Himachal Pradesh (-22%), and Uttarakhand (-18%).

June 2026: top states and a concentration point

Another widely shared data point is June 2026 gross domestic GST collection of ₹1,34,774 crore. In that June dataset, Maharashtra remained the top contributor at ₹30,714 crore with 9% growth. Karnataka followed at ₹12,937 crore with 10% growth, and Gujarat at ₹11,743 crore with 12% growth. Haryana is listed at ₹10,065 crore with 9% growth, while Tamil Nadu is shown at ₹9,776 crore with -2% growth. Uttar Pradesh is at ₹9,165 crore with 19% growth, and Delhi at ₹5,987 crore with 8% growth. West Bengal appears at ₹5,082 crore with 1% growth in that ranking. A key concentration claim shared alongside the June table is that Maharashtra, Karnataka, and Gujarat together made up nearly 42% of the total domestic GST collected across the country in that month.

March 2026 close: the ₹2 lakh crore milestone

Posts also highlighted the end-of-year momentum in monthly GST. March 2026 GST collection stands at ₹2,00,064 crore, crossing the ₹2 lakh crore milestone. This followed February 2026 collection of ₹1,83,609 crore. In the March 2026 state-wise discussion, Maharashtra topped gross monthly revenue. Karnataka and Gujarat were also referenced among the leading states, alongside Uttar Pradesh and Tamil Nadu. Some tables shared in threads explicitly note that the view “doesn’t include GST on Import of Goods,” which affects interpretation. The March milestone is often framed as a strong close to FY26. However, the same broader FY26 summary still points to a moderation in domestic collections over the full year. That contrast is why month-to-month charts have been circulating widely.

Pre- and post-settlement SGST: why comparisons get messy

Separate tables circulating online show a “pre- and post-settlement SGST overview” up to March for FY25-26. Examples in the shared excerpt include Haryana at 23,285 (pre) versus 24,836 (post) with 7% change, and 39,743 (pre) versus 48,289 (post) with 22% change. Punjab is shown at 9,193 (pre) versus 9,928 (post) with 8% change, and 24,749 (pre) versus 26,843 (post) with 8% change. Uttarakhand appears at 5,847 (pre) versus 5,990 (post) with 2% change, and 9,360 (pre) versus 10,116 (post) with 8% change. These settlement adjustments can change state-level net outcomes compared with gross collection snapshots. That is one reason different social posts can show different “top movers” depending on which table is used. The July and June lists referenced above are described as gross domestic GST collections including CGST, SGST, and domestic IGST before refunds. Readers comparing figures across posts should confirm whether they are looking at gross, net-of-refund, or post-settlement numbers.

What research summaries say about concentration and drivers

Alongside the FY26 tables, a research summary has been shared in the same discussion stream for FY2020-2024. It claims acute revenue concentration, with six states (Maharashtra, Tamil Nadu, Gujarat, Karnataka, Delhi, Uttar Pradesh) accounting for 48.2% of all-India GST in FY2023-24. The same summary cites a strong correlation between state GSDP and GST collections (r=0.87, p<0.01). It also describes differentiated pandemic impacts and recovery patterns, including a V-shaped recovery in manufacturing-intensive states and weaker trajectories in some resource-dependent states. Another study summary covering 2017-18 to 2024-25 highlights regional disparities and names Maharashtra, Haryana, Karnataka, and Uttar Pradesh as major contributors. These research references are being used online to contextualise why the FY26 top ranks are relatively stable. The common thread in these posts is that economic base and compliance influence collections, even when monthly growth rates vary. For markets, these debates often surface when investors try to map tax data to broader activity trends.