GST collections rise 4.6% to Rs 1.95 lakh crore in October

The total gross Goods and Services Tax, GST collections grew 4.6 per cent to over 1.95 lakh crore rupees last month as compared to October 2024, despite GST rate cuts implemented on 22nd September. The total gross GST revenue in October 2024 was 1.87 lakh crore rupees. The Central GST collection in October stood at 36 thousand 547 crore rupees and State GST is at 45 thousand 134 crore rupees. The Integrated IGST collected amounts to one lakh six thousand 443 crore rupees and cess is at 7 thousand 812 crores.

In the month of October, collections of Central-GST, State-GST, and Integrated-GST rose year-on-year, while cess collections dipped year-on-year, data showed. So far in 2025-26 - April-October, the GST collections rose 9.0 per cent to about Rs 13.89 lakh crore, as against Rs 12.74 lakh crore in the same period last fiscal. In this case also, all components - CGST, SGST, IGST, rose, while cess declined.

GST collections have steadily increased over the years, rising from Rs 11.37 lakh crore in 2020-21 to Rs 20.18 lakh crore in 2023-24, reflecting stronger economic activity and better compliance. The recent GST collections reflect a positive trajectory for India's economy.