Driven by a surge in shopping ahead of the festive season, GST collections in October rose 23% to reach ₹2.31 lakh crore, the second-highest figure in history.
October Record GST Collection
India's gross GST collections in October 2026 are projected to jump a record 22.9% (approximately 23%) to ₹2,31,290 crore (₹2.31 lakh crore). This is the second-highest collection in history. Previously, in 2024, it reached an all-time high of ₹2.10 lakh crore. In 2025, the country's GST collections were projected to reach ₹1,88,125 crore. The October GST collections are largely due to a significant increase in revenue from imports.
According to data released on Sunday, collections from domestic economic activity and bumper festive shopping in October increased by 15.8% to over ₹1.59 lakh crore. Tax collections from imported goods jumped a whopping 42.2% to ₹72,246 crore. Most notably, this is the fourth month in the current financial year in which the government's GST collections have exceeded ₹2 lakh crore.
Previously, collections in July were ₹2.11 lakh crore, and in September, they were ₹2.04 lakh crore. Refunds also saw a significant increase in October. The government issued a record tax refund of ₹27,934 crore this month, a 7.5% increase over last year. These refunds were primarily given to exporters and businesses whose input tax credit (ITC) was blocked.
How much did GST collection increase in which year?
| Year | GST Collection |
| October 2026 | 22.9% |
| October 2025 | 4.6% |
| October 2024 | 8.9% |
| October 2023 | 13.4% |
| October 2022 | 16.6% |
Who contributed how much to the GST collection in October?
CGST- Rs 42,935 crore (This money goes to the central government)
SGST- Rs 51,340 crore (This money goes to the state government)
IGST- Rs 1,37,015 crore (This also includes Rs 72,246 crore tax on imports. This money is shared between the Centre and the states) Cess- Rs 12,654 crore (This is levied on luxury and demerit goods)
Which state is at the forefront in paying taxes?
As usual, Maharashtra reported a revenue of ₹35,150 crore this month, a 13% increase from last year. Karnataka came in second with 18% growth and a collection of ₹15,922 crore, while Gujarat came in third with 16% growth and a collection of ₹13,516 crore. Uttar Pradesh's GST collection in October reached ₹10,235 crore, a 24% increase over last year. Assam also saw annual growth of 47%.
