Festive season drives GST collections to record ₹2.31 lakh crore in October, up 23%

Gross GST collections from domestic sales rose 16% to over ₹1.59 lakh crore, and revenues from imports climbed 42% to ₹72,246 crore

Source

The Hindu — Business →

Quick Revision

Prelims-testable facts

01GST collections in October 2026 reached ₹2.31 lakh crore, a 23% increase from the previous year.
02The GST collection in October 2026 was the second-highest monthly collection ever.
03Gross GST collections from domestic sales rose 16% to over ₹1.59 lakh crore in October.
04Revenues from imports climbed 42% to ₹72,246 crore in October.
05The GST collection in October 2026 was driven primarily by festive buying and boosted domestic demand.
06The net GST collection in October 2026 was up 26% after refunds.

Trap alerts

Most people think GST collections are only collected from domestic sales, but actually, a significant portion of GST revenue comes from imports.
Most people think the GST collection in October 2026 was the highest ever, but actually, it was the second-highest monthly collection ever.

Prelims Practice MCQs

Single facteasy

What was the GST mop-up in October?

A.₹1.59 lakh crore
B.₹1.99 lakh crore
C.₹2.31 lakh crore
D.₹2.51 lakh crore

GST mop-up reached ₹2.31 lakh crore in October, marking a 23% surge.

Multiple statementsmedium

Consider the following statements regarding GST Collections in October: 1. GST mop-up surged 23% to second-highest level of ₹2.31 lakh crore in October. 2. Revenues from imports rose 42% to ₹72,246 crore in October. 3. GST collections from domestic sales rose 16% to over ₹1.59 lakh crore in October. How many of the above statements are correct?

A.Only one
B.Only two
C.All three
D.None

All three statements are supported by the fact list. Statement 1 is directly supported by fact 3. Statement 2 is supported by fact 5. Statement 3 is supported by fact 1.

Statement I & II

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