Amidst robust economic activity in the country, Goods and Services Tax (GST) collections recorded an impressive surge in October 2026. According to provisional data released by the government on Sunday, gross GST collections for October rose by 22.9 per cent year-on-year, reaching Rs 2.31 lakh crore—up from Rs 1.88 lakh crore in October 2025.
After adjusting for refunds, net GST revenue grew by 25.6 per cent to Rs 2.03 lakh crore, compared to Rs 1.61 lakh crore in the same period a year earlier. This growth points to an acceleration in domestic economic activity and a significant jump in tax revenue derived from imports.
The data indicates that domestic GST collections increased by 15.8 per cent in October, reaching Rs 1.59 lakh crore. Meanwhile, revenue from imports saw an even sharper rise, climbing 42.2 per cent to Rs 72,246 crore.
Within domestic GST collections, the contributions were Rs 42,935 crore from Central GST (CGST), Rs 51,340 crore from State GST (SGST), and Rs 64,769 crore from Integrated GST (IGST). Separately, IGST collections from imports rose from Rs 50,796 crore in October 2025 to Rs 72,246 crore this year.
During the first seven months (April–October) of the current financial year 2026-27, gross GST collections grew by 13.2 per cent to Rs 14.77 lakh crore, compared to Rs 13.05 lakh crore during the same period in the previous financial year. During this period, net GST revenue grew by 12.6 per cent to reach Rs 12.69 lakh crore, up from Rs 11.27 lakh crore a year earlier.
The government also reported an increase in GST refunds for the month of October. Total refunds rose by 6.5 per cent to Rs 27,934 crore, compared to Rs 26,225 crore in the same month last year. Domestic refunds increased by 9.8 per cent to Rs 14,007 crore, while export refunds processed through ICEGATE grew by 3.4 per cent to reach Rs 13,927 crore.
After accounting for refund adjustments, net domestic GST collections rose by 16.4 per cent to Rs 1.45 lakh crore. Meanwhile, net GST revenue related to customs recorded a strong growth of 56.2 per cent, reaching Rs 58,319 crore.
For the period from April to October 2026, total GST refunds increased by 16.9 per cent to Rs 2.08 lakh crore. During this period, domestic refunds grew by 19.7 per cent to Rs 1.18 lakh crore, and import-related refunds rose by 13.4 per cent to Rs 89,733 crore.
