Winning Bizness Desk
Mumbai. GST Collection in August Up 15 pc to Rs 1.99-lakh-crore
The country’s gross Goods and Services Tax (GST) collection for August of this year climbed up 14.8 per cent on a Year-on-Year (YoY) basis to Rs 1.99-lakh-crore, primarily due to the surge in tax collections on import of goods, according to provisional data released by the Union Finance Ministry.
While there has been a northward movement in GST collection in August as compared to the same period, there has been a small slide in collection from July, when gross GST collection stood at Rs 2.11-lakh-crore.
Out of the gross collections in August of this year, domestic revenue contributed Rs 1.37-lakh-crore as its collection expanded by 9.3 per cent from Rs 1.25-lakh-crore collected in August of the previous year (2025).
An important point to note here is that gross import revenue zoomed by 29 per cent to Rs 62,604-crore in August.
The Central GST (CGST) accounted for Rs 38,413-crore while State GST (SGST) stood at Rs 46,316-crore. Integrated GST (IGST) stood at Rs 1.15-lakh-crore.
The total GST refunds in August of this year registered a sharp climb of 67.9 per cent to Rs 31,795-crore from Rs 18,935-crore in August of last year with domestic refunds accounting for Rs 18,490-crore and export refunds accounting for Rs 13,305-crore.
After adjusting for these refunds, the total net GST revenue for August 2026 has increased by 8.3 per cent to Rs 1.68-lakh-crore as compared to Rs 1.55-lakh-crore in the corresponding month of the previous fiscal.
The net domestic GST revenue has moved northward by 3.4 per cent to Rs 1.18-lakh-crore while net customs revenue clocked a robust 22.3 per cent jump to Rs 49,299-crore.
Maharashtra Registers a Climb in GST Revenue, Tamil Nadu a Decline
The western coastal state of Maharashtra has clocked a rise in GST collection in August of this year. It rose by a healthy eight per cent to Rs 28,779-crore.
Its southern neighbour Karnataka also registered a healthy 13 per cent jump to Rs 14,148-crore while in Gujarat, the GST collection in August rose 15 per cent to Rs 12,047-crore.
The northern State of Uttar Pradesh (UP) registered a robust 19 per cent increase to Rs 9,092-crore.
There has, however, been a marginal slide in GST collections in states such as Tamil Nadu (TN) and Rajasthan. Tamil Nadu’s collection slid by one per cent to Rs 10,189-crore while in Rajasthan it declined by two per cent to Rs 4,148-crore.
In the eastern coastal state of Odisha, the GST collection in August fell by seven per cent to Rs 3,895-crore.
TVS Motor Tops Two-Wheeler Sales, Ahead of Hero and Honda
TVS Motor Company has pushed behind it its two rival companies—Hero MotoCorp and Honda Motorcycle and Scooter India (HMSI)—to emerge as India’s largest two-wheeler maker by total sales in August of this year.
TVS reported that its total two-wheelers have registered a very healthy 21 per cent growth with sales of 5,91,437 units in August 2026 as against 4,90,788 units in August of the previous year.
The company’s domestic two-wheelers clocked a growth of 18 per cent with sales of 4,33,796 units in August 2026 as against 3,68,862 units in August 2025.
Two-wheelers’ exports registered a growth of 29 per cent with sales of 1,57,641 units in August of this year as against 1,21,926 units in August 2025.
A large portion of TVS’ growth came from electric two-wheelers which registered an exponential growth of 137 per cent with sales of 59,453 units in August 2026 as against 25,138 units in August 2025.
An important point to note here is that TVS remains the market leader in the electric two-wheeler segment.
A significant highlight here is that this is not the first time that TVS has overtaken Hero and Honda. The company became the largest two-wheeler (2W) manufacturer by total sales volume, combining domestic and international business, in the month of June 2026 and December of last year.
India’s Q1 FY 27 GDP Number Above IMF’s Expectations
India’s first-quarter (Q1) of this fiscal (FY 27)’s GDP growth of 7.8 per cent is above the expectations of the International Monetary Fund (IMF) staff and consensus among other observers.
The IMF is closely observing the impact of crude oil prices on India. “India’s real GDP in the quarter grew by 7.8 per cent. That was above our staff expectations and also the consensus among other observers,” IMF’s spokesperson Julie Kozack said in a press briefing when asked about the controversy around the GDP numbers.
However, she added that “this upward surprise” was driven by stronger than expected activity in the services sector and in exports.
The outturn also underscores the resilience of the Indian economy despite the energy price shock.
The latest GDP release incorporated a new index of industrial production and additionally, also included a new producer price index series.
“We welcome these important steps that India is taking to modernize its macro-economic statistics. And we encourage the authorities to continue to further strengthen the statistical framework and data quality along the lines that they are progressing,” the IMF spokesperson said.
When asked about the impact of crude oil prices on India, she said that “when energy prices or oil prices increase, it puts pressure on the balance of payments of energy importers. It can also put pressure on their fiscal positions. And that depends very much on the composition of their fiscal.”
India’s Ice-Cream Market Set to Touch Rs 57,500-cr by 2033: Tetra Pak
India’s ice-cream industry is entering a new growth phase, driven by premiumisation beyond metros, evolving consumer preferences, greater focus on health and indulgence and wider access through quick commerce platforms, according to Tetra Pak.
Its ice-cream market is expected to reach Rs 57,500-crore by 2033, expanding at a Compounded Annual Growth Rate (CAGR) of around 11 per cent between 2025 and 2033 according to research conducted by IMARC on behalf of Tetra Pak.
Maharashtra remains the country’s largest ice-cream market, accounting for nearly 15 per cent of category value followed by Uttar Pradesh (UP), Karnataka and Gujarat.
Indian flavours such as Alphonso mango, paan, kesar pista and tender coconut are finding greater acceptance, particularly within premium portfolios reflecting growing demand for products that combine premium positioning with familiar Indian flavours.
Premium consumption is also expanding beyond major metros into Tier II cities such as Ahmedabad, Jaipur, Chandigarh and Indore, widening growth opportunity for manufacturers.
While chocolate is expected to be the fastest-growing flavour through 2033 followed by vanilla and mango, product differentiation is increasingly shifting towards an overall eating experience.
Layered fillings, crunchy inclusions, chocolate coatings and contrasting textures are adding sophistication to ice-cream products.
Cone formats are expected to lead growth in the organized market by 2033, as consumers seek more varied formats and experiences.
An important point that requires highlighting here is that the intersection of health and indulgence is emerging as another key trend.
Low-fat variants and no-added sugars are also expected to gain traction among health-conscious consumers.
Improving cold-chain infrastructure and expanding processing capacity are enabling ice-cream manufacturers to reach a wider consumer base.
Quick commerce platforms are changing how consumers access the category with on-demand availability helping shift ice-cream from a predominantly summer-led product to a more spontaneous year around purchase.
