FinanceSunday, November 1, 20261 min read

Gross GST Collections Increase 23% To Rs 2.31 Lakh Crore In October

By NDTV Top Stories · Published by Everything Blog

In short

Nationwide Goods and Services Tax figures registered significant growth across receipts and payouts in October. Total gross collections advanced 23 percent to reach Rs 2.31 lakh crore. Meanwhile, the tax authorities also distributed Rs 27,934 crore in GST refunds to businesses, reflecting a 6.5 percent increase compared to the previous year.

Key points

Gross domestic indirect tax receipts experienced robust double-digit growth of 23 percent…: Gross domestic indirect tax receipts experienced robust double-digit growth of 23 percent in October.
Total tax refunds granted to businesses increased by 6.5 percent on a year-on-year basis.: Total tax refunds granted to businesses increased by 6.5 percent on a year-on-year basis.
The government processed nearly Rs 28,000 crore in refund claims alongside historic colle…: The government processed nearly Rs 28,000 crore in refund claims alongside historic collection figures.

Sources checked by our analysis pipeline: 1

Goods and Services Tax (GST) refunds increased 6.5 per cent year-on-year to Rs 27,934 crore in October.

AI Analysis

Tone

Positive

In short

Key Points

Gross domestic indirect tax receipts experienced robust double-digit growth of 23 percent…: Gross domestic indirect tax receipts experienced robust double-digit growth of 23 percent in October.
Total tax refunds granted to businesses increased by 6.5 percent on a year-on-year basis.: Total tax refunds granted to businesses increased by 6.5 percent on a year-on-year basis.
The government processed nearly Rs 28,000 crore in refund claims alongside historic colle…: The government processed nearly Rs 28,000 crore in refund claims alongside historic collection figures.

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AI Analysis

Tone

Positive

In short

Key Points

Gross domestic indirect tax receipts experienced robust double-digit growth of 23 percent…: Gross domestic indirect tax receipts experienced robust double-digit growth of 23 percent in October.
Total tax refunds granted to businesses increased by 6.5 percent on a year-on-year basis.: Total tax refunds granted to businesses increased by 6.5 percent on a year-on-year basis.
The government processed nearly Rs 28,000 crore in refund claims alongside historic colle…: The government processed nearly Rs 28,000 crore in refund claims alongside historic collection figures.

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Finance

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Gross GST Collections Increase 23% To Rs 2.31 Lakh Crore In October

In short

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