Record GST Collection in October Surges by 22.9% to ₹2.31 Lakh Crore

October Sees Remarkable Growth in GST Revenue

New Delhi. The month of October has proven to be exceptional for the nation's economy, with a significant annual increase of approximately 23% in Goods and Services Tax (GST) collections. The total GST revenue for October 2026 reached ₹2.31 lakh crore, compared to ₹1.88 lakh crore in the same month last year. According to government data released on Sunday, there was a 22.9% rise in GST revenue, indicating a surge in economic activities, domestic trade, and import-related business operations.

During the first seven months of the current financial year 2026-27, from April to October, GST collections also showed robust growth. The total GST collection for this period increased by 13.2% year-on-year, amounting to ₹14.78 lakh crore. Data reveals that GST revenue from domestic trade rose by 15.8% to ₹1.59 lakh crore in October, while GST from imports saw a remarkable increase of 42.2%, reaching ₹72,246 crore.

Government's Net GST Collection After Refunds Stands at ₹2.03 Lakh Crore

In October, the government issued a total of ₹27,934 crore in GST refunds to businesses and eligible taxpayers, which is 6.5% higher than the refunds issued in October of the previous year. After accounting for refunds, the net GST collection for the government was ₹2.03 lakh crore, reflecting a substantial growth of 25.6%.

The net GST revenue from domestic trade increased by 16.4% to ₹1.45 lakh crore, while the net GST collection from imports surged by 56.2% to ₹58,319 crore, indicating a significant rise in tax revenue related to imports during October.

Top States in GST Collection: Maharashtra Leads, Karnataka and Gujarat Follow

When examining state performances, Maharashtra topped the country in GST collections for October, generating ₹35,150 crore, which is a 13% increase from ₹31,013 crore collected in October of the previous year. The strong business activities and large economic base of Maharashtra contributed to its impressive GST collection.

Karnataka secured the second position with a GST collection of ₹15,922 crore, while Gujarat came in third with ₹13,516 crore. Additionally, several other major states also reported good increases in GST revenue.

In Haryana, GST collections rose by 17% to ₹11,529 crore in October. Tamil Nadu collected ₹11,661 crore, although the growth rate was only 3%. Uttar Pradesh's GST collection increased by 24% to ₹10,235 crore, and Delhi saw a 10% rise, reaching ₹9,298 crore.

West Bengal's GST revenue grew by 17% to ₹6,055 crore, while Telangana recorded a 14% increase with ₹5,958 crore. Rajasthan's GST collection rose by 16% to ₹4,937 crore, and Odisha saw a 10% increase, totaling ₹4,744 crore.

Andhra Pradesh also experienced a 24% rise in GST revenue, reaching ₹4,307 crore. Madhya Pradesh reported a strong growth of 29%, collecting ₹3,768 crore. Kerala's GST collection increased by 23% to ₹3,486 crore, while Punjab saw a 25% rise, totaling ₹2,856 crore. Bihar also recorded a 24% increase, with a total GST collection of ₹1,827 crore.

Assam Records Fastest Growth, Jharkhand and Madhya Pradesh Perform Well

Assam's performance in the October GST figures was particularly noteworthy, as it recorded the fastest growth among large states. The state's GST collection rose from ₹1,315 crore in October last year to ₹1,934 crore this year, marking an impressive annual increase of 47%.

Jharkhand also saw a good increase in GST revenue, which grew by 31% to ₹2,821 crore. Madhya Pradesh's revenue rose by 29% to ₹3,768 crore, indicating significant improvements in economic activities and tax collections in several states in Northeast and Central India during October.

States and Union Territories with Decreased GST Collections

While most states in the country experienced an increase in GST revenue, some states and union territories reported declines in October. Sikkim saw the largest drop at 28%, with GST collections falling to ₹221 crore.

In Ladakh, GST revenue decreased by 20% to ₹63 crore. Puducherry also experienced a 7% decline, with collections dropping to ₹179 crore. Himachal Pradesh's GST collection fell by 2% to ₹704 crore.

Overall, the GST figures for October 2026 present a strong picture for the country's tax revenue. The gross GST collection reaching ₹2.31 lakh crore and a 25.6% increase in net collections are positive indicators for the government. Maharashtra maintained its dominance in total revenue collection, while Assam excelled in growth rate. The upcoming months will see these GST figures play a crucial role in understanding the country's economic activities, business expansion, and government revenue situation.