India’s October GST collections rise 22.9% to ₹2.31 lakh crore

India’s gross Goods and Services Tax collections reached ₹2,31,290 crore in October 2026, a 22.9% increase from the same month a year earlier, according to official figures released November 1. The rise was driven in part by import-related revenue, which grew substantially faster than domestic collections. Gross GST collections stood at ₹1,88,125 crore in October 2025. In October 2026, central GST revenue was ₹42,935 crore, state GST was ₹51,340 crore and integrated GST was ₹1,37,015 crore. The integrated GST figure includes revenue from both domestic trade and imports. Gross GST revenue from imports rose 42.2% year on year to ₹72,246 crore. Domestic gross GST revenue increased 15.8% to ₹1,59,044 crore. The figures show faster growth in import-related collections than in domestic revenue during the month, though the domestic component remained larger in total value. After refunds, net GST revenue for October was ₹2,03,356 crore, up 25.6% from ₹1,61,900 crore a year earlier. Refunds increased 6.5% to ₹27,934 crore. The net total reflects gross receipts after refunds are deducted. For the April-to-October period of fiscal 2026-27, gross GST revenue was ₹14,77,569 crore, a 13.2%...