SF Prep

Gross GST collections rise 22.9% to ₹2,31,290 crore in October 2026, second-highest monthly mop-up

Data released on 1 November 2026 showed India's gross GST collections for October 2026 at ₹2,31,290 crore, up 22.9% from ₹1,88,125 crore in October 2025.

Summary

India's gross Goods and Services Tax (GST) collections for October 2026 stood at ₹2,31,290 crore, a 22.9% rise over ₹1,88,125 crore in October 2025, as per provisional data released on 1 November 2026. Gross domestic revenue rose 15.8% to ₹1,59,044 crore, while GST on imports jumped 42.2% to ₹72,246 crore. After refunds of ₹27,934 crore, net GST revenue grew 25.6% to ₹2,03,356 crore. Media reports said this was the second-highest monthly collection, after the record of about ₹2.43 lakh crore in April 2026.

Key facts

Gross GST, Oct 2026
₹2,31,290 crore (+22.9%)
Oct 2025
₹1,88,125 crore
Domestic gross
₹1,59,044 crore (+15.8%)
Imports
₹72,246 crore (+42.2%)
CGST / SGST / IGST
₹42,935 cr / ₹51,340 cr / ₹1,37,015 cr
Refunds
₹27,934 crore (+6.5%)
Net GST
₹2,03,356 crore (+25.6%)
April–Oct 2026 gross
₹14,77,569 crore (+13.2%)
Record month
April 2026, about ₹2.43 lakh crore

Practice MCQs 4 questions

Q1

What were India's gross GST collections for October 2026?

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Correct answer: A — ₹2,31,290 crore

Gross GST collections for October 2026 were ₹2,31,290 crore.
Q2

By what percentage did gross GST collections grow year-on-year in October 2026?

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Correct answer: B — 22.9%

Gross GST collections grew 22.9% over October 2025.
Q3 Advanced

In October 2026, GST revenue from imports grew by how much?

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Correct answer: C — 42.2%, to ₹72,246 crore

GST on imports rose 42.2% to ₹72,246 crore in October 2026.
Q4 Advanced

Consider the following statements about GST collections in October 2026: 1. Net GST revenue after refunds was ₹2,03,356 crore. 2. October 2026 recorded the highest-ever monthly gross GST collection. Which of the statements given above is/are correct?

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Correct answer: A — 1 only

Statement 1 is correct. Statement 2 is wrong: media reports said October was second only to the record of about ₹2.43 lakh crore in April 2026.

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