EconomySunday, 1 November 2026·The Hindu - Economy
October 2026 GST collections cross ₹2.31 lakh crore; second-highest monthly mop-up after April record
GST collections rose 23% year-on-year in October 2026 to over ₹2.31 lakh crore, driven by festive demand and higher domestic sales.
Key highlights
Direct fact
In November 2026, government data released in New Delhi showed that October GST collections crossed ₹2.31 lakh crore, the second-highest monthly mop-up after the April 2026 record of about ₹2.43 lakh crore.
Key specifics
- Gross GST collections rose 23% year-on-year in October 2026, the fastest pace in the current fiscal year.
- Domestic sales contributed over ₹1.59 lakh crore, while import-linked GST revenue stood at ₹72,246 crore.
- The October 2026 collection included Central GST of ₹42,935 crore, State GST of ₹51,340 crore and Integrated GST of over ₹1.37 lakh crore.
- GST refunds increased 6.5% year-on-year to ₹27,934 crore, lifting net GST collections to over ₹2.03 lakh crore.
- During April-October 2026, gross GST collections grew 13.2% to over ₹14.77 lakh crore and net collections rose 13% to over ₹12.69 lakh crore.
Exam lens
Economy and taxation question type: GST revenue trends, components and monthly comparison; remember October 2026, ₹2.31 lakh crore, April record ₹2.43 lakh crore, and the domestic-import split for MCQs.