GST collections rise 22.9% to Rs 2.31 lakh crore in October
India's gross Goods and Services Tax (GST) collections grew by 22.9% in October to Rs 2.31 lakh crore, driven by strong import revenues and domestic growth. The data indicates sustained economic buoyancy across major Indian states.
Why it matters
Strong GST figures are a key indicator of India's macroeconomic health and fiscal stability.
NEW DELHI: The gross Goods and Services Tax (GST) collections rose 22.9 per cent year-on-year to Rs 2.31 lakh crore in October, supported by a sharp increase in revenue from imports and steady growth in domestic collections, provisional government data showed on Sunday.The October collection compares with Rs 1.88 lakh crore recorded in the same month last year. After adjusting for refunds, net GST revenue grew 25.6 per cent to Rs 2.03 lakh crore, against Rs 1.61 lakh crore a year ago.Revenue from imports was the bigger contributor to the increase, rising 42.2 per cent to Rs 72,246 crore from Rs 50,796 crore in October 2025. Collections from domestic transactions grew 15.8 per cent to Rs 1.59 lakh crore, compared with Rs 1.37 lakh crore in the year-ago period.The government issued refunds worth Rs 27,934 crore during the month, 6.5 per cent higher than in October last year.
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