GST COLLECTIONS RISE 4.6% TO RS 1.95 LAKH CR

The Goods and Services Tax (GST) collections in October, in gross terms, rose 4.6 per cent to about 1.95 lakh crore compared to about 1.87 lakh crore in the same month last year, according to official data released Saturday.

- CORRESPONDENT

In the month of October, collections of Central-GST, State-GST, and Integrated-GST rose year-on-year, while cess collections dipped year-on-year, data showed.

So far in 2025-26 - April-October, the GST collections rose 9.0 per cent to about Rs 13.89 lakh crore, as against Rs 12.74 lakh crore in the same period last fiscal.

In this case also, all components - CGST, SGST, IGST, rose, while cess declined.

India's Goods and Services Tax (GST) system has achieved a major milestone in 2024-25, with a record gross collection of Rs 22.08 lakh crore, showing a 9.4 per cent growth over the previous year.