Particle.news
Download on the App Store

India’s October GST Collections Rise 4.6% to Rs 1.96 Lakh Crore

Early readings under the new two-slab regime suggest a changing mix across domestic receipts, import taxes, refunds.

Overview

  • Total GST collections for October were Rs 1,95,936 crore, up from Rs 1,87,346 crore in September, according to official data.
  • Cumulative receipts for April–October reached Rs 13.89 lakh crore, a 9.0% increase from the same period last year.
  • Gross domestic GST revenue in October grew 2.0% to Rs 1.45 lakh crore.
  • GST collected on imports rose 12.84% in October to Rs 50,884 crore.
  • Refunds surged 39.6% year-on-year to Rs 26,934 crore, as the September 22 rate rationalisation moved many items from 12% and 28% to 5% and 18% with tobacco-related products excluded.