Business · Economy · 2 hrs ago
India's October GST collections rise 22.9% to ₹2.31 trillion
India collected ₹2.31 trillion in gross GST in October, a 22.9% rise from the same month last year.
GST is the tax on goods and services, and the total was the second-highest monthly collection on record, after April.
Revenue from imports rose 42.2% to ₹72,246 crore, while domestic collections grew 15.8% to ₹1.59 trillion.
Imports made up about 31% of October’s total, with domestic revenue accounting for the rest.
The faster rise in import-related tax shows imports contributed more to revenue growth, though the figures do not explain whether that came from higher import volumes or values.
For April to October, gross GST collections reached ₹14.78 trillion, up 13.2% from the same period a year earlier.
Changes to GST rules took effect on 1 November, including provisions on refunds and credit and debit notes, and the government expects the reforms to simplify administration and support compliance.
India’s gross goods and services tax collections rose 22.9% year on year to Rs 2.31 lakh crore in October.
Import-related revenue increased 42.2% to Rs 72,246 crore, while domestic collections grew 15.8% to Rs 1.59 lakh crore.
Net collections after refunds rose 25.6% to Rs 2.03 lakh crore.
Gross GST collections for April to October reached Rs 14.78 lakh crore, up 13.2% from the same period a year earlier.
October was the second-highest monthly collection on record, after April’s Rs 2.43 lakh crore.
- Who
- The Indian government collected the tax.
- What
- Gross GST collections rose 22.9% year on year to Rs 2.31 lakh crore.
- When
- October 2026; the data was released on Sunday, 1 November.
- Where
- India.
- Why
- The sources report the collection increase but do not state a specific cause.
This story does not have two clearly opposing sides.
The GST Council met in New Delhi and recommended measures to simplify tax administration and improve compliance.
Gross GST collections reached Rs 2.31 lakh crore, according to provisional government data.
Further GST framework changes took effect, including changes covering post-supply discounts, credit and debit notes, and refunds.
The government’s October GST collection data was reported as released on Sunday.
- October gross collections
- Rs 2.31 lakh crore
- Year-on-year growth
- 22.9%
- Import-related revenue
- Rs 72,246 crore, up 42.2%
- Domestic collections
- Rs 1.59 lakh crore, up 15.8%
- April–October gross collections
- Rs 14.78 lakh crore, up 13.2%
4 sources
GST collections jump 22.9% to Rs 2.31 lakh crore in October as festive demand beats high inflation and interest rates
GST collections surge to ₹2.32 lakh crore in October
GST collections hit ₹2.31 trillion in October as import revenue jumps 42%
What people are saying
The GST collections for October 2026 reflect the continued resilience of the Indian economy, despite persistent global headwinds. The steady month-on-month rise in revenue indicates strong underlying consumption and improving compliance
The festive season should keep demand buoyant, and collections for the coming month are likely to remain strong.