GST collections rise 23 per cent to over Rs 2.31 lakh crore in October
Revenue from imports surged 42 per cent, supporting a year-on-year increase in gross Goods and Services Tax collections.
Gross Goods and Services Tax (GST) collections in India grew by approximately 23 per cent year-on-year to reach over Rs 2.31 lakh crore in October, according to government data released on Sunday. The increase was supported by revenue from domestic sales and imports, according to reports from The Pioneer, BusinessLine and The Times of India.
Revenue from imports saw a sharp rise of 42.2 per cent to reach Rs 72,246 crore. Domestic transaction collections grew by 15.8 per cent to Rs 1.59 lakh crore, compared to Rs 1.37 lakh crore during the same month last year.
The October total included Rs 42,935 crore in Central GST, Rs 51,340 crore in State GST and over Rs 1.37 lakh crore in Integrated GST. During the month, the government issued Rs 27,934 crore in refunds, representing a 6.5 per cent increase from the previous year.
After accounting for these refunds, net GST collections rose by 25.6 per cent to over Rs 2.03 lakh crore. This compares to Rs 1.61 lakh crore recorded in October last year.
For the period of April to October 2026, gross GST collections grew by 13.2 per cent to over Rs 14.77 lakh crore. Net collections for the same period increased by 13 per cent to over Rs 12.69 lakh crore.