New Delhi, November 1 (IANS). Amidst the strengthening economic activities of the country, a significant increase has been recorded in the Goods and Services Tax (GST) collection in October 2026. According to provisional data released by the government on Sunday, gross GST collections in October increased by 22.9 percent year-on-year to Rs 2.31 lakh crore, from Rs 1.88 lakh crore in October last year.
Net GST revenue, after adjusting refunds, rose 25.6 per cent to Rs 2.03 lakh crore from Rs 1.61 lakh crore in the year-ago period. This growth indicates a pick-up in domestic economic activity and a significant jump in tax revenues from imports.
According to the data, domestic GST collection increased by 15.8 percent to Rs 1.59 lakh crore in October. An even sharper increase was recorded in the revenue received from imports, which increased by 42.2 percent to Rs 72,246 crore.
The contribution of Central GST (CGST) to domestic GST collection was Rs 42,935 crore, State GST (SGST) was Rs 51,340 crore and Integrated GST (IGST) was Rs 64,769 crore. On the other hand, IGST collection from imports increased from Rs 50,796 crore in October 2025 to Rs 72,246 crore this year.
Gross GST collections increased by 13.2 per cent to Rs 14.77 lakh crore during the first seven months (April-October) of the current financial year 2026-27, compared to Rs 13.05 lakh crore in the same period last financial year. Net GST revenue during the same period increased by 12.6 percent to Rs 12.69 lakh crore, which was Rs 11.27 lakh crore a year ago.
The government also said that an increase in GST refunds was recorded in October. Total refunds increased by 6.5 percent to Rs 27,934 crore, compared to Rs 26,225 crore in the same month last year. Domestic refunds grew by 9.8 per cent to Rs 14,007 crore, while export refunds processed through ICEGATE increased by 3.4 per cent to Rs 13,927 crore.
After refund adjustment, domestic net GST collection increased by 16.4 percent to Rs 1.45 lakh crore. At the same time, a strong growth of 56.2 percent was recorded in the net GST revenue related to customs and it reached Rs 58,319 crore.
Total GST refunds increased by 16.9 percent to Rs 2.08 lakh crore in the period April to October 2026. During this period, domestic refunds increased by 19.7 percent to Rs 1.18 lakh crore and import related refunds increased by 13.4 percent to Rs 89,733 crore.
–IANS
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