India's Gross GST Collection Reaches ₹2.31 Lakh Crore in October 2026
India's gross Goods and Services Tax (GST) collections reached ₹2.31 lakh crore in October 2026, registering a 22.9 percent year-on-year increase. This marks the second-highest gross monthly GST mop-up ever recorded and the second-highest in the 2026-27 financial year.
What happened
India's gross GST collection for October 2026 stood at ₹2.31 lakh crore (specifically ₹2,31,290 crore), marking a 22.9 percent year-on-year increase compared to ₹1.88 lakh crore recorded in October 2025. This performance represents the second-highest gross monthly GST collection ever recorded, trailing only the record mop-up of approximately ₹2.43 lakh crore achieved in April 2026. October 2026 also marked the second consecutive month in which the gross GST mop-up crossed the ₹2 lakh crore milestone.
Net GST revenue for October 2026, after adjusting for refunds, stood at over ₹2.03 lakh crore, reflecting a 25.6 percent year-on-year growth. Total GST refunds issued during the month rose by 6.5 percent year-on-year to ₹27,934 crore. Component-wise collections included ₹42,935 crore for Central GST, ₹51,340 crore for State GST, and over ₹1.37 lakh crore for Integrated GST. Revenue from domestic transactions climbed 15.8 percent to over ₹1.59 lakh crore, while revenue from imports surged 42.2 percent to ₹72,246 crore.
Cumulative figures for the April to October 2026 period show that gross GST collections rose 13.2 percent year-on-year to over ₹1.47 lakh crore (specifically ₹14,77,000+ crore), while net GST collections increased by 13 percent to over ₹1.26 lakh crore. State-wise performance data indicates that Maharashtra led all states with the highest gross GST collection of ₹35,150 crore in October 2026, followed by Karnataka and Gujarat as the second and third highest contributors, alongside strong performances from Uttar Pradesh and Madhya Pradesh.
Important dates
| GST Implementation Date | 1 July 2017 |
|---|---|
| Presidential Assent for 101st Amendment | 8 September 2016 |
| October 2026 GST Collection Reporting Date | 2 November 2026 |
📌 Static GK links
- The Goods and Services Tax (GST) was implemented across India on 1 July 2017.
- GST was introduced via the 101st Constitutional Amendment Act, 2016.
- Article 279A of the Indian Constitution provides for the establishment of the GST Council, a federal body chaired by the Union Finance Minister.
What candidates should do
- Note down the exact gross and net GST collection figures for October 2026 along with the year-on-year growth percentages.
- Memorize the highest monthly collection figures of FY 2026-27 for objective-type questions in banking and civil services exams.
- Revise the constitutional articles related to GST, including Article 246A, Article 269A, and Article 279A.
PrepZen analysis
The consistent crossing of the ₹2 lakh crore threshold in gross GST collections highlights the steady expansion of India's economic base, formalization of trade, and improved compliance. For aspirants preparing for Banking, SSC, and UPSC examinations, this data is critical for questions related to macroeconomic indicators, tax reforms, and fiscal federalism. Examiners frequently test specific figures like the highest collection months, year-on-year growth rates, and top-performing states such as Maharashtra, Karnataka, and Gujarat.
Practice questions
Q1. What was India's gross GST collection for the month of October 2026?
Q2. Which state recorded the highest gross GST collection in October 2026?
Q3. By which Constitutional Amendment Act was the Goods and Services Tax (GST) introduced in India?
Achieved in October 2026, a 22.9% YoY increase.
This is second-highest gross GST collection in FY 2026-27.
Highest collection was ₹2.43 lakh crore in April 2026.
🎯 Key Point: India's GST collection for October 2026 reached ₹2.31 lakh crore.
FAQs
What was the year-on-year growth rate of gross GST collections in October 2026?
Gross GST collections registered a 22.9 percent year-on-year increase in October 2026 compared to October 2025.
What was the highest gross GST collection recorded in FY 2026-27?
The highest gross GST collection in FY 2026-27 was ₹2.43 lakh crore, recorded in April 2026.
Which article of the Indian Constitution provides for the GST Council?
Article 279A of the Indian Constitution provides for the establishment of the GST Council.
What was the net GST revenue for October 2026?
Net GST revenue for October 2026 stood at over ₹2.03 lakh crore after adjusting for refunds.
Sources and references
- newsonair.gov.in (newsonair.gov.in) Official
- saginfotech.com (blog.saginfotech.com)
- hindustantimes.com (www.hindustantimes.com)
- ddindia.co.in (ddindia.co.in)
Prepared by PrepZen for exam preparation. Consult the linked sources for original announcements and current details. Corrections policy. Spotted an error? Write to prepzen.app@gmail.com.
Practice Quiz — 2 November 2026
Q1. Who did Dinesh V. Ganvir succeed as the 55th Director General of the Geological Survey of India (GSI)?
Q2. According to Worth a Journey's "World's 100 Best Museums 2026" list, what is the global and Asian ranking of the Bihar Museum?
Q3. The Nelakondapalli Buddhist Stupa, planned for international heritage development by the Telangana government, is located in which district?
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