The Gross GST collections in India have seen a rise of 22.9% year-on-year to ₹2.31 lakh crore in October 2026, which was ₹1.88 lakh crore a year earlier. Net GST revenue after refunds has surged 25.6% to ₹2.03 lakh crore, supported by stronger domestic collections and a 42.2% surge in import-related tax revenue.
After accounting for refunds, net GST revenue rose by 25.6% to ₹2.03 lakh crore, compared to ₹1.61 lakh crore in the same month last year. The updated numbers show a consistent growth in GST revenue during the current financial year.
Read Also: Gross GST Collection Rises 14.7% to Rs 2.04 Lakh Crore in September 2026
In October, domestic GST revenue surged 15.8% year-on-year to ₹1.59 lakh crore. This includes Central GST (CGST) collections of ₹42,935 crore, State GST (SGST) of ₹51,340 crore, and domestic Integrated GST (IGST) of ₹64,769 crore.
The import revenue recorded a rise of 42.2% to ₹72,246 crore, compared with ₹50,796 crore in October 2025. The overall rise in gross GST revenue during the month has been supported by an increase in import-related IGST collections.
The growth is also evident in the cumulative numbers for the first seven months of FY27. During April-October FY27, the gross GST collections have surged 13.2% to ₹14.77 lakh crore, which was Rs 13.05 lakh crore in the corresponding period of the previous fiscal year.
For the first seven months, net GST revenue increased by 12.6% from ₹11.27 lakh crore to ₹12.69 lakh crore. These figures indicate a sustained growth in tax collections during the first seven months of the financial year.
In October, GST refunds have also risen. Total refunds increased by 6.5% year-on-year, reaching ₹27,934 crore, which was Rs 26,225 crore a year earlier.
Domestic refunds rose by 9.8% to ₹14,007 crore, while export refunds processed through the Indian Customs Electronic Gateway (ICEGATE) increased by 3.4% to ₹13,927 crore. After adjusting for refunds, net domestic GST revenue reached ₹1.45 lakh crore, reflecting a growth of 16.4%.
Additionally, net customs-related GST revenue showed an even more impressive increase of 56.2%, totalling ₹58,319 crore. For the period of April to October in FY27, total refunds surged by 16.9% to ₹2.08 lakh crore, which included domestic refunds of ₹1.18 lakh crore and import-related refunds amounting to ₹89,733 crore.
The GST collection of ₹2.31 lakh crore in October 2026 marks a significant increase compared to the same period last year, with revenue from imports playing a key role.
A 13.2% rise in total gross collections during the April-October period of the 2027 fiscal year further underscores the sustained expansion of India’s indirect tax revenue.
Read October 2026 GST Collections
