India’s GST Collections Jump 22.9% to ₹2.31 Lakh Crore; Telangana Records 14% Growth

India’s Goods and Services Tax (GST) collections registered a strong increase in October 2026, reaching ₹2,31,290 crore, up 22.9% compared with the same month last year, according to provisional data released by the Ministry of Finance on November 1.

The latest figures indicate a significant rise in tax revenue, supported by growth in both domestic transactions and imports. Net GST revenue, after adjusting for refunds, also crossed the ₹2 lakh crore mark.

Strong Growth in Domestic and Import Revenues

• According to the provisional figures, gross GST collections increased from ₹1,88,125 crore in October 2025 to ₹2,31,290 crore in October 2026.
• Revenue from domestic transactions rose 15.8% to ₹1,59,044 crore, compared with ₹1,37,328 crore in the corresponding month last year.
• Meanwhile, GST revenue from imports recorded a sharper increase of 42.2%, reaching ₹72,246 crore against ₹50,796 crore in October 2025.

Net GST Revenue Rises 25.6%

• After adjusting for refunds, net GST revenue increased by 25.6% year on year to ₹2,03,356 crore.
• Total GST refunds during October stood at ₹27,934 crore, compared with ₹26,225 crore in the same month last year, representing an increase of 6.5%.

The major tax components included:

GST Collections During April-October Reach ₹14.78 Lakh Crore

• The cumulative gross GST collections during the first seven months of the financial year 2026-27, from April to October, reached ₹14,77,569 crore.
• This represents a growth of 13.2% compared with ₹13,05,213 crore collected during the corresponding period of the previous financial year.
• Net GST collections during the same seven-month period increased by 12.6% to approximately ₹12.69 lakh crore.

Maharashtra Leads Among States; Telangana Records 14% Growth

• Among major states, Maharashtra recorded the highest domestic GST collection in October, with ₹35,150 crore, registering 13% growth compared with the previous year.

Other major state collections included:

Assam recorded particularly strong growth of 47%, while Jharkhand registered 31% growth.

However, some regions reported declines. Sikkim recorded a 28% decrease, Ladakh 20%, Puducherry 7% and Himachal Pradesh 2%.

What Do the Latest GST Figures Indicate?

• The October figures indicate an increase in tax revenue and continued growth in reported economic transactions.
• The stronger performance of import related GST collections compared with domestic collections is also an important feature of this month’s data.
• However, higher GST collections alone do not establish an equivalent increase in real economic growth or household purchasing power. Import values, consumption patterns, tax compliance and other economic factors can influence monthly revenue.
• The coming months GST figures will provide further insight into domestic demand, business activity and the impact of festive-season spending.

Source: Ministry of Finance, Government of India – provisional GST collection data released on November 1, 2026.