India's GST collections jump 23% in October, the fastest in four years
India collected Rs 2.31 lakh crore in goods and services tax (GST) in October, 22.9% more than a year earlier.
Evento: 1 de novembro de 2026
Fonte primária: 1 de novembro de 2026
Publicado aqui: 1 de novembro de 2026 às 17:00 UTC
Ler: 2 min
O que aconteceu
Provisional government data released on November 1 show India's gross GST collections up 22.9% year on year in October, to Rs 2.31 lakh crore (about 2.31 trillion rupees). That is the fastest growth in more than four years. Collections on imports rose 42.2% and on domestic sales 15.8%.
Por que importa para você
GST is a sales tax on nearly all goods and services, so it shows quickly how people and companies spend. A strong October, a festival month, points to solid demand in one of the world's largest economies. Higher collections also give the budget room.
O que conferir e observar
Watch whether growth holds in November, after the festivals. Read the year-on-year comparison with care: the October 2025 base in the new data is lower than in last year's release. This is an overview, not advice.
Onde está acontecendo
LIVEArraste para girar. Pontos verdes: a bolsa está negociando agora (horário normal, sem contar feriados). Sombra: onde agora é noite. Fronteiras: Natural Earth, terremotos: USGS. Ideia das camadas: God’s Eye View (MIT).
The numbers. Gross GST collections for October 2026 were Rs 2.31 lakh crore, against Rs 1.88 lakh crore a year earlier, up 22.9%. These are government figures reported by The Times of India and Moneycontrol. Moneycontrol says this is the fastest growth in more than four years and the fourth month in a row above Rs 2 lakh crore. Only April was higher, at Rs 2.43 lakh crore.
Where the growth came from. Domestic collections rose 15.8% to Rs 1.59 lakh crore. Collections on imports jumped 42.2% to Rs 72,246 crore, from Rs 50,796 crore a year earlier. After refunds, net collections grew 25.6% to Rs 2.03 lakh crore. Refunds were Rs 27,934 crore, up 6.5%.
By state. Maharashtra again contributed the most: Rs 35,150 crore, up 13%. Karnataka brought Rs 15,922 crore (up 18%) and Gujarat Rs 13,516 crore (up 16%). Among notable states Assam grew fastest: up 47% to Rs 1,934 crore.
Year to date. From April to October gross collections reached Rs 14.78 lakh crore, up 13.2%, and net collections Rs 12.69 lakh crore, up 12.6%.
A note on the base. Last year's official release put gross GST for October 2025 at about Rs 1.96 lakh crore. The new data show that base as Rs 1.88 lakh crore. The reports do not explain the gap, so compare growth rates within one release.
Who it touches. Anyone watching India as a market, investors in Indian stocks and funds, and anyone tracking global consumer demand.
Fatos confirmados
- India's gross GST collections rose 22.9% year on year in October 2026 to Rs 2.31 lakh crore, from Rs 1.88 lakh crore a year earlier.[1][2]
- Moneycontrol says this is the fastest growth in more than four years and the fourth straight month above Rs 2 lakh crore.[2]
- October collections were the second highest of the current fiscal year, after Rs 2.43 lakh crore in April.[2]
- Domestic collections rose 15.8% to Rs 1.59 lakh crore.[1]
- Collections on imports rose 42.2% to Rs 72,246 crore from Rs 50,796 crore a year earlier.[1][2]
- Net collections after refunds rose 25.6% to Rs 2.03 lakh crore; refunds were Rs 27,934 crore, up 6.5%.[1]
- Maharashtra collected Rs 35,150 crore (up 13%), Karnataka Rs 15,922 crore (up 18%), Gujarat Rs 13,516 crore (up 16%) and Assam Rs 1,934 crore (up 47%).[1]
- From April to October gross collections were Rs 14.78 lakh crore (up 13.2%) and net collections Rs 12.69 lakh crore (up 12.6%).[1]
- The official release for October 2025 put gross GST at Rs 1,95,936 crore, about Rs 1.96 lakh crore.[3]
Implicações
- ConfirmadoCollections on imports grew much faster than domestic ones and drove most of the acceleration.
- Nossa leituraStrong collections give the government more room in its budget. This is our inference.
Ainda não se sabe
- Why the October 2025 base in the new data is lower than in last year's release
- Whether growth holds after the festival season
- The full official GSTN table for October
Quem é afetado
India, Asia. Anyone following India's economy, investing in Indian stocks and funds, or tracking global demand
Fontes
- The Times of India: GST collections rise 22.9% to Rs 2.31 lakh crore in October 1 de novembro de 2026 · mídia
- Moneycontrol: GST collections rise 23% to Rs 2.3 lakh crore in October, fastest growth in over four years 1 de novembro de 2026 · mídia
- Press Information Bureau, Government of India: GST Revenue Soars in October 2025 1 de novembro de 2025 · oficial
Capa: Gráfico de Freekonomist, uma imagem simbólica, não uma foto do evento. Este é um explicador de notícia, não recomendação financeira.
Mais matérias
Neoclouds explained: why debt-funded AI data centres worry investors
Neoclouds rent out AI computing power, and many borrow heavily to build it. Here is what they are and why that worries markets.
Germany's gas storage is 61% full, short of the 70% it was meant to hit
By November 1 German gas storage was supposed to be 70% full on average. It is about 61% full.
Turkey interest rates: policy rate cut to 36%, bank deposit race goes on
Turkey interest rates: the central bank cut its policy rate from 37% to 36% on October 22, but banks still offer 33.5% to 44.5% on lira deposits.
Morning brief by email
The night's key moves and what matters today, in 2 minutes. One-click unsubscribe.