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Gross GST collections rise 23% to Rs 2.31 lakh crore in October driven by festive demand
Nov-02-2026

The government data has showed that gross Goods and Services Tax (GST) collections jumped 22.9 per cent year-on-year to Rs 2.31 lakh crore in October 2026 as festive buying boosted domestic demand. October's collections were the second-highest in the current financial year (FY27), after the Rs 2.43 lakh crore mop-up recorded in April. Also, the 22.9 per cent year-on-year growth clocked during the month is the fastest recorded pace of gross mop-up in the current fiscal year.  

According to the data, gross GST collections from domestic sales rose 16 per cent to over Rs 1.59 lakh crore, and revenues from imports climbed 42 per cent to Rs 72,246 crore. The total gross GST revenue of Rs 2.31 lakh crore includes Central GST (CGST) mop-up of 42,935 crore, State GST (SGST) of Rs 51,340 crore and Integrated GST (IGST) of over Rs 1.37 lakh crore.

It further indicated that GST refunds increased 6.5 per cent year-on-year to Rs 27,934 crore in October. After adjusting for refunds, net GST collections rose 26 per cent to over Rs 2.03 lakh crore in October. For the April-October period of FY27, cumulative gross GST collections stood at Rs 14.77 lakh crore, an increase of 13.2 percent over Rs 13.05 lakh crore in the corresponding period last year. Net GST collections for the first seven months of the financial year rose 13 percent to Rs 12.69 lakh crore.

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