GST Collection Surges 23% in October, Reaching ₹2.31 Lakh Crore
Indias GST collection saw a remarkable 23% increase in October, totaling ₹2.31 lakh crore, reflecting strong economic activity.
New Delhi, November 1 (Daily Kiran) : India’s Goods and Services Tax (GST) collection experienced a significant boost in October 2026, reflecting robust economic activity. According to provisional figures released by the government on November 1, the gross GST collection for the month rose by 22.9% year-on-year, reaching ₹2.31 lakh crore, compared to ₹1.88 lakh crore in October 2025.
After accounting for refunds, the net GST revenue increased by 25.6%, totaling ₹2.03 lakh crore, up from ₹1.61 lakh crore in the same month last year. This growth indicates a notable rise in domestic economic activities and an increase in tax revenue from imports.
The data reveals that domestic GST collection surged by 15.8%, amounting to ₹1.59 lakh crore. Meanwhile, revenue from imports saw even sharper growth, climbing by 42.2% to ₹72,246 crore.
In terms of contributions to domestic GST collection, the Central GST (CGST) contributed ₹42,935 crore, the State GST (SGST) contributed ₹51,340 crore, and the Integrated GST (IGST) accounted for ₹64,769 crore. The IGST revenue from imports rose significantly from ₹50,796 crore in October 2025 to ₹72,246 crore this year.
For the first seven months of the current financial year (April-October 2026), the gross GST collection grew by 13.2%, reaching ₹14.77 lakh crore, compared to ₹13.05 lakh crore during the same period last year. The net GST revenue during this timeframe also saw a 12.6% increase, totaling ₹12.69 lakh crore, up from ₹11.27 lakh crore a year earlier.
Additionally, the government reported an increase in GST refunds in October. Total refunds rose by 6.5% to ₹27,934 crore, compared to ₹26,225 crore in the same month last year. Domestic refunds increased by 9.8%, reaching ₹14,007 crore, while refunds processed through the ICEGATE for exports rose by 3.4% to ₹13,927 crore.
After adjusting for refunds, the domestic net GST collection rose by 16.4% to ₹1.45 lakh crore. Furthermore, there was a strong 56.2% increase in net GST revenue from customs, reaching ₹58,319 crore.
From April to October 2026, total GST refunds increased by 16.9%, amounting to ₹2.08 lakh crore. During this period, domestic refunds rose by 19.7% to ₹1.18 lakh crore, while refunds related to imports increased by 13.4% to ₹89,733 crore.
