India GST Collections Surge 22.9 Percent To Reach 2.31 Lakh Crore Rs

India's gross GST collections rose by 22.9% to Rs 2.31 lakh crore in October, fueled by strong growth in import and domestic revenues. Cumulative collections for April-October 2026-27 also showed a healthy 13.2% year-on-year increase.

India Records Significant Growth in October GST Collections

India's gross Goods and Services Tax (GST) collections rose 22.9 per cent year-on-year to Rs 2.31 lakh crore in October, compared with Rs 1.88 lakh crore in the corresponding month last year, according to provisional data released by the Ministry of Finance. Net GST revenue, after adjusting for refunds, increased 25.6 per cent to Rs 2.03 lakh crore during the month, against Rs 1.61 lakh crore in October 2025.

Breakdown of Revenue Streams

The growth in gross collections was supported by a 42.2 per cent increase in revenue from imports, which stood at Rs 72,246 crore, compared with Rs 50,796 crore a year ago. Domestic GST revenue also registered a healthy growth of 15.8 per cent to Rs 1.59 lakh crore from Rs 1.37 lakh crore in October 2025. Within domestic collections, Central GST (CGST) stood at Rs 42,935 crore, while State GST (SGST) collections amounted to Rs 51,340 crore. Integrated GST (IGST) collections from domestic transactions stood at Rs 64,769 crore.

Refunds and Net Revenue Performance

Total refunds during October increased 6.5 per cent year-on-year to Rs 27,934 crore. Domestic refunds rose 9.8 per cent to Rs 14,007 crore, while refunds on imports increased 3.4 per cent to Rs 13,927 crore. On a net basis, domestic GST revenue grew 16.4 per cent to Rs 1.45 lakh crore, while net revenue from customs-related GST collections increased 56.2 per cent to Rs 58,319 crore.

State-wise Performance and Cumulative Trends

Among major states, Maharashtra recorded domestic GST revenue of Rs 35,150 crore, registering a 13 per cent increase year-on-year. Gujarat collections rose 16 per cent to Rs 13,516 crore, while Karnataka reported an 18 per cent increase to Rs 15,922 crore. Haryana's collections grew 17 per cent to Rs 11,529 crore. Assam recorded one of the strongest increases among states, with collections rising 47 per cent to Rs 1,934 crore. Uttar Pradesh and Bihar registered growth of 24 per cent each.

Cumulatively, gross GST collections during April-October 2026-27 increased 13.2 per cent to Rs 14.77 lakh crore, compared with Rs 13.05 lakh crore in the corresponding period of the previous financial year. Net GST revenue during the seven-month period rose 12.6 per cent to Rs 12.69 lakh crore.

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