Startup And Fundraising 1 November 2026
GST Collections Surge 23% to Rs 2.31 Lakh Crore in October
India's Goods and Services Tax (GST) collections rose sharply by nearly 23 percent in October, reaching Rs 2.31 lakh crore, signaling robust tax compliance and a rebound in economic activity. The increase follows recent GST reforms and clarifications issued by the CBDT.
GST collections jumped 23% to Rs 2.31 lakh crore in October, the highest monthly haul this fiscal year.
- The rise reflects stronger compliance and higher turnover in key sectors.
- Recent CBDT circulars clarified GST reforms, boosting confidence among businesses.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.