New Delhi, November 1 (IANS). Despite rationalization of rates with GST 2.0 reforms, there has been an increase in GST collection.
According to official data released on Saturday, GST collection in October last month has increased by 4.6 percent on an annual basis to Rs 1,95,936 crore, which was Rs 1,87,346 crore in the same period last year.
Moreover, October this year has been the 10th consecutive month when revenues have been recorded above the Rs 1.8 lakh crore mark.
According to official data, GST collections stood at Rs 13,89,367 crore in the April-October period of FY 2026, compared to Rs 12,74,442 crore recorded in the same period of FY 2025. This represents an increase of 9 percent on an annual basis.
Apart from this, the data shows that after deducting refunds, the government’s net tax collection in October stood at Rs 1,69,002 crore, which is an increase of 0.6 percent from Rs 1,68,054 crore in the same period last year.
Meanwhile, consumption is expected to grow by more than 10 percent this year due to GST reforms. Which means additional consumption of Rs 20 lakh crore.
Abhishek Jain, partner and national head of indirect tax at KPMG in India, said, “The higher gross GST collections reflect a strong festive season, higher demand and the rate structure being well-accepted by businesses. This is a positive indicator of how consumption and compliance are moving in the right direction.”
Earlier, if we talk about the month of September, GST revenue had increased by 9.1 percent on annual basis to Rs 1.89 lakh crore. Moreover, GST collections in the September quarter of FY26 increased by 7.7 percent year-on-year to Rs 5.71 lakh crore.
–IANS
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