October GST collections reach Rs 2.31 lakh crore
Economy · First reported 1 Nov, 07:32 · Updated 08:40
Gross GST collections rose 22.9% year on year in October, with growth in both domestic collections and import-related revenue. Net collections after refunds increased 25.6%.
- Gross GST collections totalled Rs 2.31 lakh crore in October, up 22.9% from a year earlier.
- Revenue from imports rose 42.2% to Rs 72,246 crore, while domestic collections increased 15.8% to Rs 1.59 lakh crore.
- After refunds, net GST revenue grew 25.6% to Rs 2.03 lakh crore.
Summary written by Lux AI from 2 articles
Key facts
- October gross collections
- Rs 2.31 lakh crore; up 22.9% year on year.
- Net revenue after refunds
- Rs 2.03 lakh crore; up 25.6%.
- Import-related collections
- Rs 72,246 crore; up 42.2%.
- Domestic collections
- Rs 1.59 lakh crore; up 15.8%.
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