India's October Gross GST collections jump 22.9% to Rs 2.31 lakh crore
Economic Times 1 hr ago·1 Nov 2026, 6:52 am
India’s Goods and Services Tax (GST) receipts surged in October, reaching about 2.31 lakh crore rupees – a jump of roughly 23 percent compared with the same month last year. For the April‑October stretch, total collections rose to 14.78 lakh crore, up 13 percent year‑on‑year, with Maharashtra contributing the largest share, followed by Karnataka and Gujarat.
The stronger tax take signals robust consumer spending and a healthier fiscal position for the centre, which could ease pressure on the government’s deficit and support higher public‑sector spending. Investors often watch GST trends as a proxy for overall economic activity, especially in sectors tied to domestic demand.
Going forward, market participants will monitor whether the upward momentum sustains, any policy tweaks to GST rates, and the performance of states that posted declines, such as Sikkim and Ladakh, as these factors can shape the broader growth outlook.
Excerpt from Economic Times
India's gross GST collection reached Rs 2.31 lakh crore in October, representing a 22.9% increase from last year. The gross GST collected for the April-October period totaled Rs 14.78 lakh crore, showing a 13.2% growth year-on-year. Maharashtra recorded the highest revenue for October at Rs 35,150 crore, followed by…Read the original at Economic Times
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- Category: Economy.
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