Jammu and Kashmir recorded a 15 per cent year-on-year decline in Goods and Services Tax (GST) collections in June 2026, with revenue falling to Rs 470 crore from Rs 552 crore in the corresponding month last year, according to the latest state-wise GST data released by the Union Finance Ministry.
The Union Territory witnessed a decline of Rs 82 crore in GST collections during the month, even as the country’s overall GST revenue continued to grow, indicating a mixed trend in tax collections across states and Union Territories.
India’s gross GST collections stood at Rs 1,34,774 crore in June 2026, compared with Rs 1,26,506 crore collected in June 2025, registering a year-on-year growth of 7 per cent. The increase reflects steady economic activity and improved tax compliance in several parts of the country.
Jammu and Kashmir was among the states and Union Territories that reported a decline in GST collections during the month. Neighbouring Himachal Pradesh recorded a steeper fall of 26 per cent, with collections declining from Rs 895 crore to Rs 661 crore, while Uttarakhand registered a 21 per cent decline, collecting Rs 1,334 crore against Rs 1,688 crore in June last year.
In contrast, Punjab posted a strong 14 per cent increase in GST revenue to Rs 2,491 crore from Rs 2,186 crore. Haryana recorded collections of Rs 10,065 crore, up 9 per cent, while Delhi reported an 8 per cent increase to Rs 5,987 crore. Chandigarh also registered a 7 per cent rise, collecting Rs 229 crore during the month.
Ladakh also witnessed a decline in collections, with GST revenue falling 7 per cent from Rs 28 crore in June 2025 to Rs 26 crore in June 2026.
Among the major states, Uttar Pradesh emerged as one of the best performers, recording a 19 per cent increase in GST collections to Rs 9,165 crore. Assam posted a 17 per cent rise to Rs 1,492 crore, Gujarat registered a 12 per cent increase to Rs 11,743 crore, while Karnataka collected Rs 12,937 crore, up 10 per cent over the previous year. Maharashtra, the country’s largest contributor to GST revenue, collected Rs 30,714 crore, registering a growth of 9 per cent.
On the other hand, Sikkim recorded the steepest decline in the country, with GST collections falling 53 per cent. Puducherry witnessed a 28 pe cent decline, while Jharkhand reported a 16 per cent fall. Rajasthan and Madhya Pradesh also recorded declines of 5 per cent each.
GST, introduced on July 1, 2017, replaced multiple indirect taxes with a unified tax system and has become one of the most important sources of revenue for both the Centre and the states. Monthly GST collections are considered a key indicator of economic activity, consumption and tax compliance.
Experts note that monthly GST revenues can fluctuate due to factors such as seasonal business cycles, the timing of tax payments, refunds and compliance-related adjustments. Therefore, a decline in a single month does not necessarily indicate a broader slowdown in economic activity, though sustained weakness over several months could warrant closer attention.
The latest figures show that while national GST collections remain on a growth trajectory, Jammu and Kashmir’s revenue performance lagged behind the national average in June. The coming months will indicate whether the decline was temporary or reflects a broader trend in economic activity and tax mobilisation in the Union Territory.
Source from: https://www.greaterkashmir.com/business/jk-gst-revenue-falls-15-in-june-as-collections-slip-to-rs-470-crore-12179850
