Investment News · 1 November 2026 · 2 min read
In short: Gross GST collections rose 22.9% to ₹2,31,290 crore in October 2026, from ₹1,88,125 crore a year ago. It is the fastest growth in more than four years. After refunds, net collections rose 25.6% to ₹2,03,356 crore. GST on imports jumped 42.2%.
October GST in numbers
| Item | October 2025 | October 2026 | Change |
|---|---|---|---|
| Gross GST | ₹1,88,125 crore | ₹2,31,290 crore | +22.9% |
| From domestic sales | ₹1,37,328 crore | ₹1,59,044 crore | +15.8% |
| From imports | ₹50,796 crore | ₹72,246 crore | +42.2% |
| Refunds | ₹26,225 crore | ₹27,934 crore | +6.5% |
| Net GST | ₹1,61,900 crore | ₹2,03,356 crore | +25.6% |
From April to October 2026, gross GST is ₹14,77,569 crore, up 13.2%. Net GST is ₹12,69,486 crore, up 12.6%. Collections have stayed above ₹2 lakh crore for four months in a row. The highest month this year is still April, at ₹2.43 lakh crore.
Big states
| State | October 2026 | Growth |
|---|---|---|
| Maharashtra | ₹35,150 crore | +13% |
| Karnataka | ₹15,922 crore | +18% |
| Gujarat | ₹13,516 crore | +16% |
| Uttar Pradesh | ₹10,235 crore | +24% |
| Delhi | ₹9,298 crore | +10% |
What it means for you
- This does not change the GST you pay on a bill. Rates are set by the GST Council, not by monthly collections.
- Imports drove much of the jump. Domestic growth of 15.8% is strong but slower than the headline figure.
- The October 2025 figure came weeks after GST rates were cut on many items in September 2025, so the comparison base is lower.
- Strong tax income gives the government more room to spend without borrowing more. That can help keep interest rates steady.
- Planning your own tax? Try our income tax calculator.
What to watch next
November GST data comes out on 1 December. Watch whether domestic collections keep growing after the festive season ends.
Sources
- Business Today: Gross GST collections hit ₹2.31 lakh crore in October
- APAC News Network: India GST collections rise 22.9% in October
- Zee Business: GST collection October 2026
This is a news summary for education, not investment advice. Figures are as reported on or before 1 November 2026; check official sources before making decisions.