India's gross GST collections rise 23% in October to ₹2.31 lakh cr; net revenue jumps 26%
CNBC-TV18 1 hr ago·1 Nov 2026, 7:20 am
India’s Goods and Services Tax (GST) collections jumped sharply in October, with gross receipts up almost 23% year‑on‑year to about ₹2.31 lakh crore and net collections rising roughly 26% to ₹2.03 lakh crore. Over the April‑October period of the current fiscal year, gross GST revenue grew 13.2% to ₹14.77 lakh crore, while net revenue was up 12.6% to ₹12.69 lakh crore.
The surge signals stronger consumption and improved tax compliance, bolstering the government’s fiscal position ahead of the upcoming budget. Higher tax receipts can ease pressure on the fiscal deficit, potentially giving policymakers more room for spending or debt‑reduction measures, which investors watch closely.
Going forward, market participants will monitor the next GST data releases, any adjustments to tax rates or compliance rules, and the government’s budgetary allocations, as these factors will shape revenue trends and broader economic sentiment.
Excerpt from CNBC-TV18
Published On Nov 1, 2026 | 12:48 IST Last Updated On Nov 1, 2026 | 12:53 IST A sharp surge in import-related tax receipts drove overall revenue growth, led by robust economic activity across Maharashtra, Karnataka, and Uttar Pradesh. Discover which specific industrial sectors contributed most to this fiscal expansion.…Read the original at CNBC-TV18
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- Category: Results.
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