Gross GST Collections Register Strongest Growth in Over Four Years: India’s gross Goods and Services Tax (GST) collections recorded a significant year-on-year increase of 22.9% to ₹2,31,290 crore in October 2026, compared with ₹1,88,125 crore in October 2025, according to the provisional data released by GSTN on November 1, 2026. The collections registered their fastest annual growth in over four years, as reports, and remained above the ₹2 lakh crore mark for the fourth consecutive month. October collections were also the second-highest during the current financial year, after ₹2.43 lakh crore recorded in April 2026.
Net GST Revenue Crosses ₹2 Lakh Crore with 25.6% Growth: Net GST collections, after adjusting refunds, increased by 25.6% to ₹2,03,356 crore in October 2026, compared with ₹1,61,900 crore in the corresponding month of the previous year. The stronger growth in net revenue, compared with gross collections, reflects the relatively moderate increase in GST refunds during the month.
Import-Related GST Revenue Surges 42.2%: GST revenue from imports witnessed a sharp increase of 42.2% to ₹72,246 crore, compared with ₹50,796 crore in October 2025, emerging as a major contributor to the overall increase in GST collections. Net GST revenue from imports, after the relevant refund adjustments, increased by 56.2% to ₹58,319 crore from ₹37,333 crore in the previous year.
Domestic GST Revenue Rises 15.8%: Gross GST collections from domestic transactions increased by 15.8% to ₹1,59,044 crore, compared with ₹1,37,328 crore in October 2025. Net domestic GST revenue registered 16.4% growth, reaching ₹1,45,037 crore as against ₹1,24,567 crore in the corresponding period of the preceding year.
Component-wise GST Collections: Out of the total gross GST revenue of ₹2,31,290 crore collected during October 2026, Central GST (CGST) contributed ₹42,935 crore, State GST (SGST) accounted for ₹51,340 crore, and Integrated GST (IGST), including revenue from imports, amounted to ₹1,37,015 crore. The figures indicate growth across all three major components of GST revenue compared with October 2025.
GST Refunds Increase by 6.5%: Total GST refunds issued during October 2026 amounted to ₹27,934 crore, registering an increase of 6.5% over ₹26,225 crore in October 2025. Domestic refunds stood at ₹14,007 crore, reflecting 9.8% growth, while IGST refunds processed through ICEGATE amounted to ₹13,927 crore, representing an increase of 3.4% on a year-on-year basis.
Cumulative Gross GST Collections Reach ₹14.78 Lakh Crore in FY 2026-27: During the period April–October 2026, cumulative gross GST revenue stood at ₹14,77,569 crore, recording growth of 13.2% over ₹13,05,213 crore collected during the corresponding period of FY 2025-26. Cumulative net GST revenue increased by 12.6% to ₹12,69,486 crore, compared with ₹11,27,355 crore during the corresponding period of the previous financial year.
Maharashtra Leads State-wise GST Collections; Assam Records Robust Growth: Among the major States, Maharashtra remained the largest contributor to domestic GST collections, with ₹35,150 crore in October 2026, registering 13% growth. Karnataka reported collections of ₹15,922 crore (18% growth), Gujarat ₹13,516 crore (16% growth), Tamil Nadu ₹11,661 crore (3% growth), Uttar Pradesh ₹10,235 crore (24% growth), and Delhi ₹9,298 crore (10% growth). Assam registered a significant increase of 47% to ₹1,934 crore, while Jharkhand and Madhya Pradesh recorded growth of 31% and 29%, respectively.
GST Revenue Settlements to States and Union Territories: The SGST revenue of States and Union Territories, including their share of IGST settlement, stood at ₹1,03,341 crore in October 2026, reflecting 13% growth over ₹91,358 crore in October 2025. For the April–October period, the corresponding post-settlement SGST revenue increased by 15% to ₹6,82,142 crore, compared with ₹5,91,353 crore in the previous financial year.
Growth Momentum and Economic Outlook: The October 2026 GST revenue figures indicate a substantial acceleration in year-on-year tax collection growth, supported particularly by the sharp rise in import-related GST revenue and positive growth in domestic collections. Gross GST revenue growth accelerated from 14.7% in September 2026 to 22.9% in October 2026. While the figures point towards stronger tax revenue mobilisation, the difference between domestic and import-related growth highlights the importance of examining the underlying composition of collections while assessing overall economic performance.
The data can be accessed at: https://services.gst.gov.in/services/advisoryandreleases/read/680
