India experienced a significant increase in gross Goods and Services Tax collections, which grew by 23% to exceed ₹2.31 lakh crore in October. Official government data released on Sunday, November 1, 2026, revealed that this financial growth was driven by a strong mop-up from both domestic activities and imports.
Breaking down the figures, gross collections from domestic sales rose by 16% to reach over ₹1.59 lakh crore, while revenues derived from imports climbed sharply by 42% to total ₹72,246 crore. The overall ₹2.31 lakh crore collection is comprised of a Central GST mop-up of ₹42,935 crore, State GST totaling ₹51,340 crore, and Integrated GST exceeding ₹1.37 lakh crore.
Additionally, Goods and Services Tax refunds saw a year-on-year increase of 6.5%, reaching ₹27,934 crore during October. When adjusted for these refunds, the net GST collections showed a 26% rise to surpass ₹2.03 lakh crore for the month.
Looking at the broader fiscal period from April to October, gross GST collections expanded by 13.2% to climb over ₹14.77 lakh crore. Meanwhile, net collections for the same seven-month period also posted growth, rising 13% to exceed ₹12.69 lakh crore.
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