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

Gross GST collections increased 23 per cent to over Rs 2.31 lakh crore in October, driven by strong mop-up from domestic activities and imports, according to government data released on Sunday.

Gross GST collections from domestic sales rose 16 per cent to over Rs 1.59 lakh crore, and revenues from imports climbed 42 per cent to Rs 72,246 crore.

The Rs 2.31 lakh crore collection includes Central GST mop-up of 42,935 crore, State GST of Rs 51,340 crore and Integrated GST of over Rs 1.37 lakh crore, data showed.

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

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

After adjusting for refunds, net GST collections rose 26 per cent to over Rs 2.03 lakh crore in October.

During April-October, gross GST collection grew 13.2 per cent to over Rs 14.77 lakh crore. Net collections rose 13 per cent to over Rs 12.69 lakh crore. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)