Record April GST Collection of Rs 2.42 lakh crore

1 May 2026National

Gross GST revenue for April 2026 rose 8.7% year-on-year to Rs 2,42,702 crore - the highest-ever monthly collection - with GST on imports up 25.8%.

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India-UK CETA comes into force

The India-UK Comprehensive Economic and Trade Agreement (CETA), along with the Agreement on Social Security (Double Contribution Convention), came into force on 15 July 2026 — India's most ambitious bilateral trade pact to date. The UK scraps duties on 96.8% of tariff lines (covering 97.7% of trade value) immediately; tariffs fall to zero on textiles, leather, marine products and engineering goods. India removes duties at once on 64.1% of tariff lines and phases out another ~21%, while shielding sensitive sectors (dairy, cereals, edible oils, apples). It boosts services trade, professional mobility and social-security protection for Indian professionals.

GK ByteCETA signed: May 2026 | UK PM: Keir Starmer | India Commerce Minister: Piyush Goyal | CETA = Comprehensive Economic and Trade Agreement

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GK ByteMoSPI = Ministry of Statistics & Programme Implementation | IIP base year: 2011-12 | GVA = GDP minus net product taxes | NSO formed by merging CSO and NSSO (2019)

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GK ByteCommerce & Industry Minister: Piyush Goyal | India's financial year runs April-March | DGFT is the export-import policy body under MoC&I

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