Current Affairs - Economy - Discussion

India's gross Goods and Services Tax (GST) collections increased by 22.9% to ₹2.31 lakh crore in October 2026, compared to ₹1.88 lakh crore in October 2025. This was the second-highest monthly GST collection since the tax system was introduced in July 2017. During the same month, net GST revenue increased by 25.6% to ₹2.03 lakh crore, while domestic revenue grew by 15.8%. Revenue from imports recorded a significant increase of 42.2%. For the April–October 2026 period, cumulative gross GST collections reached ₹14.78 lakh crore, registering an annual growth of 13.2%.