Gross GST Collections Increase 23% To Rs 2.31 Lakh Crore In October
What the coverage says
India collected ₹2,31,290 crore in Goods and Services Tax during October, marking a 23 percent increase over the previous year according to official data cited by Hindustan Times. This figure represents the second-highest monthly total since the tax system was introduced in 2017, as reported by Hindustan Times. Domestic transactions contributed over ₹1.59 lakh crore through a 16 percent rise, while import revenues jumped 42 percent to reach ₹72,246 crore, details provided by The Hindu and NDTV show. Net collections surpassed ₹2.03 lakh crore after accounting for refunds totaling ₹27,934 crore, which increased by 6.5 percent from the previous year as noted by NDTV Profit.
Written by HeadlineShine from 5 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- The Hindu first reported it
- NDTV reported it
- Times of India reported it
- NDTV Profit reported it
- Hindustan Times reported it
- Latest update
