Goods & Service Tax (GST) 2 November 2026
GST Collections Spike 22.9% in October
India's GST collections rose to Rs 2.31 lakh crore in October, marking a 22.9% year‑on‑year increase. The jump reflects robust festive‑season consumer spending despite high inflation and interest rates, signalling strong demand resilience.
GST collections hit a record in October, reaching Rs 2.31 lakh crore. The surge shows a 22.9% YoY rise driven by festive‑season demand.
- Key figures: Rs 2.31 lakh crore total, 22.9% increase YoY.
- Drivers: Strong consumer spending during festivals, despite high inflation and interest rates.
- Implication: Indicates resilient demand and solid tax base.
For full details, see the Economic Times report.
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