Import GST jumped 42 per cent and net collections rose 25.6 per cent, the fastest growth recorded so far in FY27.

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• Gross GST revenue stood at Rs 2,31,290 crore in October 2026, up 22.9 per cent from Rs 1,88,125 crore a year earlier.
• It is the second-highest monthly gross collection this financial year, behind April's record Rs 2.43 lakh crore.
• Gross growth accelerated from 14.7 per cent in September 2026.
• Domestic gross GST revenue rose 15.8 per cent to Rs 1,59,044 crore.
• GST on imports rose 42.2 per cent to Rs 72,246 crore.
• By component, CGST was Rs 42,935 crore, SGST Rs 51,340 crore and IGST Rs 1,37,015 crore.
• Refunds were Rs 27,934 crore, up 6.5 per cent, leaving net GST revenue at Rs 2,03,356 crore.
• Net collections grew 25.6 per cent, the fastest growth so far in FY27.
• Last year's October base was affected by buyers anticipating GST rate cuts, which took effect in the fourth week of September 2025.
• Maharashtra topped state-wise collections with Rs 35,150 crore, followed by Karnataka and Gujarat.
• Cumulative gross collections for April-October 2026 rose 13.2 per cent to Rs 14,77,569 crore from Rs 13,05,213 crore.

Tags: GSTCollections, IndirectTax, GSTN