October GST Collections Reach ₹2.31 Lakh Crore With Strong Annual Growth

India's provisional gross Goods and Services Tax revenue for October 2026 was ₹2,31,290 crore, compared with ₹1,88,125 crore in October 2025. This represents 22.9% growth over the corresponding month. The figures were released on 1 November 2026 and feature in the news of 2 November 2026. Keep the collection period separate from the date on which its figures became public.

Gross collections from domestic transactions were ₹1,59,044 crore, while import-related collections were ₹72,246 crore. Domestic receipts increased 15.8% and import receipts 42.2% over the previous October. Refunds reduced the amount retained: subtracting ₹27,934 crore from gross receipts gives net revenue of ₹2,03,356 crore. Net revenue increased 25.6% year on year. These are provisional figures and remain subject to finalisation.

Facts to remember

• October 2026 gross GST revenue: ₹2,31,290 crore; annual growth: 22.9%.
• Net revenue after refunds: ₹2,03,356 crore; annual growth: 25.6%.
• Refunds: ₹27,934 crore; import-related gross receipts: ₹72,246 crore.
• The GST Council is provided for under Article 279A of the Constitution.

Background

The Constitution (One Hundred and First Amendment) Act, 2016 created the constitutional framework for GST. Article 246A addresses legislative powers over GST, while Article 279A establishes the GST Council, chaired by the Union Finance Minister. The Council makes recommendations to the Union and the States. For numerical interpretation, gross revenue is measured before refunds and net revenue after refunds; neither figure should be substituted for the other. A revenue growth percentage is also different from a tax rate.

Why it matters for exams

This is relevant to Economy and Polity, particularly taxation, fiscal federalism and data interpretation. A useful CLAT or judiciary prelims question can pair October's gross-versus-net distinction with the constitutional provision establishing the GST Council.