# GST Collection October 2026: Gross ₹2.31 Lakh Crore, Up 22.9%; Net Revenue Up 25.6%

Source page: https://rankvyuh.com/current-affairs/news/gst-collection-october-2026-gross-2-31-lakh-crore-net-revenue-growth  ·  Section: Economy  ·  Published: 2026-11-01  ·  Updated: 2026-11-01  ·  Language: en
Also in Hindi: https://rankvyuh.com/hi/current-affairs/news/gst-collection-october-2026-gross-2-31-lakh-crore-net-revenue-growth-hindi

**In one line:** India's gross GST revenue for October 2026 was ₹2,31,290 crore, 22.9% higher than October 2025, while net revenue after refunds rose 25.6% to ₹2,03,356 crore, with GST on imports up 42.2%.

## Key facts
- **Gross GST (Oct 2026):** ₹2,31,290 crore, up 22.9%
- **Net GST (after refunds):** ₹2,03,356 crore, up 25.6%
- **Domestic gross revenue:** ₹1,59,044 crore, up 15.8%
- **GST on imports:** ₹72,246 crore, up 42.2%
- **Refunds:** ₹27,934 crore, up 6.5%
- **Oct 2025 base (CGST+SGST+IGST):** ₹1,88,125 crore
- **April–October 2026-27 gross:** ₹14,77,569 crore, up 13.2%
- **Data status:** Provisional, released 1 Nov 2026

## Timeline
- 22 Sep 2025: GST rate cuts take effect, as reported by All India Radio News
- 1 Nov 2025: October 2025 gross GST reported at over ₹1.95 lakh crore including cess, up 4.6%
- 1 Oct 2026: September 2026 gross GST reported at over ₹2.03 lakh crore, up 14.7%
- 1 Nov 2026: October 2026 gross GST at ₹2,31,290 crore, up 22.9%

## What happened

On **1 November 2026**, the government released provisional GST revenue data for **October 2026**. As reported by Business Today (citing Ministry of Finance data), IANS and ANI:

- **Gross GST collection:** **₹2,31,290 crore**, up **22.9%** from ₹1,88,125 crore in October 2025.
- **Net GST collection** (after refunds): **₹2,03,356 crore**, up **25.6%** from ₹1,61,900 crore.
- **GST on imports:** ₹72,246 crore, up **42.2%**, the fastest-growing component.
- **Domestic gross revenue:** ₹1,59,044 crore, up **15.8%**.

## Background

The **Goods and Services Tax (GST)** is India's main indirect tax on the supply of goods and services. It has three parts: **CGST** (goes to the Centre), **SGST** (goes to the State) and **IGST** (on inter-State supplies and imports, later shared between the Centre and States). Monthly figures are released at the start of the following month and are **provisional**.

**Getting the base right.** In November 2025, All India Radio News reported October 2025 gross GST at "over ₹1.95 lakh crore", up 4.6%. That figure **included compensation cess of ₹7,812 crore**. Its components were CGST ₹36,547 crore, SGST ₹45,134 crore and IGST ₹1,06,443 crore, which add up to about ₹1,88,125 crore. The October 2026 data compares against this **CGST + SGST + IGST** total, not the ₹1.95 lakh crore headline, and the reported 2026 figures carry no cess line. Students should not compute growth using the older ₹1.95 lakh crore number.

All India Radio News also reported in 2025 that GST rate cuts took effect on **22 September 2025**, so the October 2025 base month came soon after those cuts. None of the 2026 reports we checked attributes October 2026 growth to the festive season or to rate changes.

## Key details

| Item (₹ crore) | Oct 2025 | Oct 2026 | Growth |
|---|---|---|---|
| CGST | 36,547 | 42,935 | — |
| SGST | 45,134 | 51,340 | — |
| IGST (domestic + imports) | 1,06,443 | 1,37,015 | — |
| Domestic gross revenue | 1,37,328 | 1,59,044 | 15.8% |
| GST on imports | 50,796 | 72,246 | 42.2% |
| **Total gross GST** | **1,88,125** | **2,31,290** | **22.9%** |
| Total refunds | 26,225 | 27,934 | 6.5% |
| **Total net GST** | **1,61,900** | **2,03,356** | **25.6%** |

- **IGST split (Oct 2026):** ₹64,769 crore domestic and ₹72,246 crore on imports.
- **Refunds:** domestic refunds ₹14,007 crore (up 9.8%); export refunds through ICEGATE ₹13,927 crore (up 3.4%), as reported by IANS.
- **Net domestic revenue:** about ₹1.45 lakh crore (up 16.4%); **net customs-related GST:** ₹58,319 crore (up 56.2%).
- **April–October 2026-27:** gross GST ₹14,77,569 crore (up 13.2% from ₹13,05,213 crore); net GST ₹12,69,486 crore (up 12.6% from ₹11,27,355 crore).
- **States (domestic revenue, as reported by ANI):** Maharashtra ₹35,150 crore (+13%), Karnataka ₹15,922 crore (+18%), Gujarat ₹13,516 crore (+16%), Haryana ₹11,529 crore (+17%), Assam ₹1,934 crore (+47%).
- **Previous month:** gross GST for September 2026 was over ₹2.03 lakh crore, up 14.7%, as reported by All India Radio News. October's growth was faster.

## Why it matters

1. **Fiscal health:** Higher GST receipts support both Union and State budgets, since SGST and the States' share of IGST flow to the States.
2. **Demand signal:** A 15.8% rise in domestic gross revenue points to stronger taxable activity in the economy, as the reports read the data.
3. **Import dependence:** GST on imports grew much faster (42.2%) than domestic GST (15.8%), so part of the jump comes from imports rather than domestic consumption.
4. **Net vs gross:** Net revenue grew faster than gross because refunds rose only 6.5%; net revenue is what the governments actually keep.

## Issues and criticism

- **Import-heavy growth:** IANS and ANI credit both domestic activity and a sharp rise in import revenue, but imports grew far faster (42.2% against 15.8%). Revenue from imports depends on trade volumes and global prices, so a rise led by imports says less about domestic consumption.
- **Provisional data:** Monthly figures can change slightly on finalisation.
- **Uneven across States:** Growth ranged widely across States, from 13% in Maharashtra to 47% in Assam among the States reported by ANI.
- **Comparability:** Headlines from 2025 included cess while the 2026 reports show no cess line, which can confuse year-on-year comparisons if the right base is not used.

## Way forward

- Track whether domestic revenue growth holds in the coming months, separate from import-led gains.
- Keep refund processing quick for exporters so that working capital is not blocked.
- Publish clear notes on what each headline figure includes (cess or no cess) to keep comparisons clean.

## Prelims pointers

- October 2026 gross GST: **₹2,31,290 crore**, up **22.9%**.
- October 2026 net GST: **₹2,03,356 crore**, up **25.6%**.
- GST on imports: **₹72,246 crore**, up **42.2%**; domestic gross: ₹1,59,044 crore, up 15.8%.
- Refunds: **₹27,934 crore**, up 6.5%.
- Like-for-like base, October 2025: **₹1,88,125 crore** (CGST + SGST + IGST, without cess).
- April–October 2026-27 gross GST: ₹14,77,569 crore, up 13.2%.
- Highest State domestic revenue among those reported: **Maharashtra**, ₹35,150 crore.

## One-liners for SSC, Banking and Railways

- Gross GST collection in October 2026 was about **₹2.31 lakh crore**.
- Net GST is gross GST **minus refunds**.
- IGST is levied on **inter-State supplies and imports**.
- In October 2026, GST revenue from **imports** grew 42.2%.
- Export refunds of IGST are processed through the customs portal **ICEGATE**.

Practise more in the [weekly current affairs quiz](/current-affairs) or on the [SSC CGL](/ssc-cgl) page.

## Mains practice question

**"Monthly GST collections are often read as a barometer of economic activity. Using the October 2026 data, examine the strengths and limits of this reading."** (GS III, 250 words)

Points to cover:
1. October 2026 data: gross ₹2,31,290 crore (+22.9%), net ₹2,03,356 crore (+25.6%).
2. Composition: imports +42.2% versus domestic +15.8%; why the source of growth matters.
3. Limits: provisional numbers, changes in what headlines include (cess), State-wise variation.
4. Fiscal federalism angle: SGST and IGST settlement to States; suggest steady data notes and tracking domestic trends.

## Exam angle
- **UPSC:** GS III: indirect taxation, GST revenue trends, fiscal federalism and Centre–State tax sharing
- **SSC:** Static + current: CGST, SGST, IGST meaning; October 2026 gross GST ₹2.31 lakh crore
- **Banking:** Economy: gross vs net GST, refunds, import-linked IGST growth of 42.2%
- **Railways:** One-liners: October 2026 gross GST up 22.9%, net up 25.6%
- **State PSC:** State-wise trends: Maharashtra highest at ₹35,150 crore; Assam up 47%

## Key terms
- **Gross GST:** Total GST collected (CGST + SGST + IGST) on domestic supplies and imports, before refunds
- **Net GST:** Gross GST minus refunds paid to taxpayers, such as exporters
- **IGST:** Integrated GST, levied on inter-State supplies and on imports, later shared between the Centre and States
- **ICEGATE:** The customs department's electronic portal; refunds of IGST on exports are processed through it

## Sources
- [Business Today, Gross GST collections hit ₹2.31 lakh crore in October (citing Ministry of Finance data), 1 Nov 2026](https://www.businesstoday.in/india/story/gross-gst-collections-hit-rs2-31-lakh-crore-in-october-marks-22-9-yoy-rise-on-robust-domestic-growth-564976-2026-11-01)
- [Asianet Newsable (ANI), India GST collections surge 22.9 percent to reach ₹2.31 lakh crore, 1 Nov 2026](https://newsable.asianetnews.com/business/india-gst-collections-surge-22-9-percent-to-reach-2-31-lakh-crore-rs-articleshow-nc0wwti)
- [Social News XYZ (IANS), GST collections jump nearly 23 pc to Rs 2.31 lakh crore in October, 1 Nov 2026](https://www.socialnews.xyz/2026/11/01/gst-collections-jump-nearly-23-pc-to-rs-2-31-lakh-crore-in-october/)
- [All India Radio News, GST collections rise 4.6% to over ₹1.95 lakh crore in October (2025 base and components), 1 Nov 2025](https://www.newsonair.gov.in/gst-collections-rise-4-6-to-over-%E2%82%B91-95-lakh-crore-in-october-despite-rate-cuts/)
- [All India Radio News, GST collections cross ₹2 lakh crore again, rise 14.7% in September, 1 Oct 2026](https://newsonair.gov.in/gst-collections-cross-rs-2-lakh-crore-again-rise-14-7-in-september/)

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Published by RankVyuh (https://rankvyuh.com), checked against the sources above. Quiz for this article: https://rankvyuh.com/current-affairs/news/gst-collection-october-2026-gross-2-31-lakh-crore-net-revenue-growth#quiz