Gross GST collections rise to Rs 2.31 lakh crore in October
Net GST revenue increased by 25.6 per cent to Rs 2.03 lakh crore during the month, according to Ministry of Finance data.
India's gross Goods and Services Tax (GST) collections grew by 22.9 per cent year-on-year to reach Rs 2.31 lakh crore in October, according to provisional data from the Ministry of Finance reported by ANI and The Tribune.
The monthly revenue from imports saw a 42.2 per cent jump to Rs 72,246 crore. Domestic GST revenue also climbed by 15.8 per cent to Rs 1.59 lakh crore.
The October figures included Rs 42,935 crore in Central GST (CGST) and Rs 51,340 crore in State GST (SGST). Integrated GST (IGST) collections from domestic transactions were recorded at Rs 64,769 crore.
Total refunds for the month rose 6.5 per cent to Rs 27,934 crore. After accounting for these refunds, net GST collections rose 25.6 per cent to Rs 2.03 lakh crore.
Among states, Assam recorded a 47 per cent increase in collections to Rs 1,934 crore. Maharashtra reported domestic GST revenue of Rs 35,150 crore, representing a 13 per cent year-on-year rise.
For the period of April-October 2026-27, gross GST collections grew 13.2 per cent to over Rs 14.77 lakh crore. Net collections for the same seven-month period rose 12.6 per cent to Rs 12.69 lakh crore.