Goods & Service Tax (GST) 2 November 2026
GST Collections Jump 23% to 2.31 Lakh Crore in October
India’s GST revenue surged 23% year‑on‑year in October, reaching 2.31 lakh crore rupees, with domestic sales contributing a 15.8% rise to over 1.59 lakh crore. The spike reflects higher consumption and improved tax compliance, according to provisional government data released in early November.
India’s GST collections surged 23% in October, hitting 2.31 lakh crore rupees. Domestic sales drove the growth, with GST from local transactions up 15.8% to over 1.59 lakh crore.
- Year‑on‑year increase shows stronger consumer spending.
- Improved compliance and broader tax base cited by the finance ministry.
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