GST Collections Jump 22.9% To Rs 2.31 Lakh Crore In October; Imports Drive Growth

India’s gross goods and services tax (GST) collections rose 22.9% year-on-year to Rs 2.31 lakh crore in October, with revenue from imports growing significantly faster than domestic collections, according to official data released on Sunday.

Gross revenue from imports jumped 42.2% to Rs 72,246 crore, compared with a 15.8% increase in domestic revenue to Rs 1.59 lakh crore. The figures point to a sharper rise in import-linked GST collections, even as domestic revenue continued to register growth.

The increase in import revenue was particularly pronounced after accounting for refunds. Net revenue from imports rose 56.2% year-on-year to Rs 58,319 crore, while net domestic revenue increased 16.4% to Rs 1.45 lakh crore.

Overall, net GST revenue, after

adjusting for refunds, grew 25.6% to Rs 2.03 lakh crore in October. Total refunds during the month rose 6.5% to Rs 27,934 crore.

The October collection comprised Rs 42,935 crore in Central GST (CGST), Rs 51,340 crore in State GST (SGST) and Rs 1.37 lakh crore in Integrated GST (IGST).

The growth in October collections also lifted the cumulative gross GST revenue for the first seven months of the current financial year, from April to October, to Rs 14.78 lakh crore. This represented a 13.2% increase over the corresponding period last year. Cumulative net GST revenue stood at Rs 12.69 lakh crore, up 12.6%.

Assam leads state-wise growth

Among major states, Assam recorded the strongest growth in GST revenue in October, with collections rising 47% year-on-year to Rs 1,934 crore from Rs 1,315 crore. Jharkhand followed with a 31% increase to Rs 2,821 crore, while Madhya Pradesh recorded 29% growth to Rs 3,768 crore.

Uttar Pradesh’s GST revenue rose 24% to Rs 10,235 crore from Rs 8,283 crore a year earlier. Bihar also recorded 24% growth, with collections reaching Rs 1,827 crore.

Maharashtra continued to lead in absolute collections, recording Rs 35,150 crore in October, up 13% from Rs 31,013 crore a year earlier. Karnataka followed with Rs 15,922 crore, an increase of 18%, while Gujarat reported a 16% rise to Rs 13,516 crore.

Among other states, Haryana’s collections increased 17% to Rs 11,529 crore, while Delhi recorded 10% growth to Rs 9,298 crore. Punjab’s GST revenue rose 25% to Rs 2,856 crore.

West Bengal reported a 17% increase to Rs 6,055 crore, while Kerala’s collections rose 23% to Rs 3,486 crore. Telangana recorded 14% growth to Rs 5,958 crore, and Andhra Pradesh’s revenue increased 24% to Rs 4,307 crore.

Tamil Nadu reported relatively modest growth of 3%, with collections rising to Rs 11,661 crore. Odisha recorded a 10% increase to Rs 4,744 crore, while Rajasthan’s revenue grew 16% to Rs 4,937 crore.

Sikkim, Ladakh among states reporting decline

Not all states recorded an increase. Sikkim saw the sharpest decline, with GST revenue falling 28% year-on-year to Rs 221 crore. Ladakh’s collections dropped 20% to Rs 63 crore, while Puducherry recorded a 7% decline to Rs 179 crore.

Himachal Pradesh reported a marginal 2% fall in collections to Rs 704 crore.

The government said the figures were provisional and could undergo slight variations upon finalisation.