India's October net GST collection rises 25.6% year on year to 2.03 trillion rupees

India · Finance · Nov. 1, 2026 · India collected 2.03 trillion rupees ($21.40 billion) as net goods and services tax in October, an increase of 25.6% year on year, according to a government statement on Sunday. Gross October goods and services tax collection stood at 2.31 trillion rupees, up 22.9%.

Net and gross collections both rose sharply

The gap between the 2.03 trillion rupee net figure and the 2.31 trillion rupee gross figure reflects deductions such as refunds during the month. Goods and services tax, shared between the federal government and the states, is India's main indirect tax, and its monthly collections are watched as one reference point for domestic consumption and economic activity.

Reported figures only, no forecast

This article reports only the figures published in the government statement and makes no forecast about tax trends or the economic outlook. India's finance ministry publishes GST collections monthly, and the October data are the latest monthly figures for the 2026-27 fiscal year. Compiled from the government statement and Reuters reporting.