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These 5 States Account for Over 40% of India’s GST Revenues in H1 FY26

Written by: Team Angel OneUpdated on: 3 Oct 2025, 6:00 pm IST
Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Haryana together contributed over 40% of GST revenues in Apr-Sep FY26, with Maharashtra leading at ₹31,830 crore monthly.
These 5 States Account for Over 40% of India’s GST Revenues in H1 FY26
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In the first half of FY26 (April-September 2025), five Indian states namely Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Haryana have dominated GST revenue collection, contributing over 40% of the total revenue.

Maharashtra led the pack, registering a substantial ₹31,830 crore in monthly GST collections, reflecting its status as India's industrial and financial powerhouse.

Leading Contributors to GST Revenue

The GST revenue for FY26 was highly concentrated among a few states, with Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Haryana emerging as the key players. Maharashtra took the lead with ₹31,830 crore in monthly revenue, significantly ahead of the other states.

Its thriving industrial sector, including manufacturing, services, and commerce, drives much of this contribution.

Following Maharashtra, Karnataka posted ₹14,532 crore, propelled by its booming IT services and manufacturing base. Gujarat, renowned for its industrial and trading ecosystem, generated ₹11,833 crore in monthly revenues, while Tamil Nadu and Haryana also contributed significantly, reinforcing the importance of industrial hubs in GST collections.

Other States Contributing to GST Revenue

In addition to the top five, states like Uttar Pradesh, West Bengal, Delhi, Telangana, and Odisha played a significant role in GST collection, contributing between ₹5,000 crore and ₹10,000 crore monthly. 

Uttar Pradesh stood out with ₹9,965 crore, showing growth in consumption-driven revenue. However, the smaller states like Andhra Pradesh, Kerala, Bihar, and Punjab saw more modest contributions, with revenues ranging from ₹1,800 crore to ₹4,000 crore per month.

Read More: India’s GST Collections Rise 9.1% to ₹1.89 Lakh Crore in September!

GST Revenue Distribution: A Reflection of India's Economic Landscape

The dominance of industrial and service-driven states in GST collections highlights the disparity in economic activity across India. While the top contributors benefit from robust manufacturing and financial sectors, other states rely more on consumption or have limited industrial activity, which reflects in their relatively lower GST revenues.

Conclusion

In summary, Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Haryana continue to be the backbone of India's GST revenue system, contributing over 40% of total collections in the first half of FY26. 

These states' industrial and service sectors play a pivotal role in sustaining the country's GST framework, while other regions with a lower industrial base continue to face challenges in revenue generation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.

Published on: Oct 3, 2025, 12:30 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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