October GST collections grow 23% to record Rs 2.31 lakh cr; domestic revenue rises 16%
Gross GST collections in October surged 23% year-on-year to Rs 2.31 lakh crore, driven by higher domestic sales and import revenues, with net collections up 26% after refunds, government data shows.
Gross Goods and Services Tax (GST) collections rose 23% year-on-year to over Rs 2.31 lakh crore in October. The surge was supported by higher revenues from domestic transactions and imports, according to government data released on Sunday. Collections from domestic sales increased 16% to over Rs 1.59 lakh crore, while GST revenues from imports climbed 42% to Rs 72,246 crore. The gross collection comprised Central GST of Rs 42,935 crore, State GST of Rs 51,340 crore and Integrated GST of over Rs 1.37 lakh crore.
