EconomySaturday, 7 November 2026·The Hindu - Economy
GST collections cross ₹2.31 lakh crore in October 2026, second-highest monthly mop-up
GST collections rose 23% year-on-year to over ₹2.31 lakh crore in October 2026, driven by festive demand.
Key highlights
Direct fact
In November 2026, government data showed that India’s gross GST collections in October 2026 rose 23% year-on-year to over ₹2.31 lakh crore, the second-highest monthly mop-up after April’s record.
Key specifics
- October 2026 was the second consecutive month when gross GST collections crossed ₹2 lakh crore.
- Gross domestic sales revenue rose 16% to over ₹1.59 lakh crore.
- Import-related GST revenue climbed 42% to ₹72,246 crore.
- Net GST collections increased 26% to over ₹2.03 lakh crore after refunds.
- April-October 2026 gross GST collection grew 13.2% to over ₹14.77 lakh crore.
Exam lens
Economy and taxation MCQ, GST collections, October 2026, ₹2.31 lakh crore, ₹2.03 lakh crore net, April-October ₹14.77 lakh crore; TNPSC may ask the difference between gross and net GST and the role of festive demand.