GST Collection Data: Tax collection grew at fastest pace in 4 years, know which state won

GST Collection Data: In the month of October, huge taxes have rained in the government treasury. According to the latest data released on November 1, the country’s total GST collection in October 2026 was Rs 2.31 lakh crore. It has seen a huge jump of 23 percent year-on-year. This is the fastest pace of GST hike in the last four years. The special thing is that the government has received GST of more than 2 lakh crore rupees for the fourth consecutive month. Earlier this speed was 14.7 percent in the month of September. As for the current financial year 2027, this is the biggest collection since April. In April, the government spent Rs. 2.43 lakh crore was collected.

Strong strength from imports

Imports and domestic market activities played a major role in this big jump in tax collections in October. However, if we compare the two, the tax revenue from imports is stronger. Import revenue rose 42.2 percent year-on-year in October to Rs. 72,246 crores. At the same time, the pace of GST accrual from domestic transactions remained slightly slower. It increased by 15.8 percent to Rs. 1.59 lakh crores.

During this period, the government spent Rs. 27,934 crore in refunds were also issued, which is 6.5 percent higher than last year. Compared to the pace of total collections, the pace of refunds was quite slow. After the refund, the government’s net GST revenue increased by 25.6 percent to Rs. 2.03 lakh crores.

Full account from April to October

The figures for the first seven months of the current financial year 2027 ie April to October are also very strong. The total GST collection increased by 13.2 percent to Rs 14.78 lakh crore during this period. At the same time, the net GST collection for the seven months rose by 13 percent to Rs 12.69 lakh crore.

If we look at the total received in different parts in the month of October Rs. 2.31 lakh crore, the share of Central GST (CGST) is Rs. 42,935 crores. 51,340 crore came as State GST (SGST). Apart from this, the largest share was from Integrated GST (IGST), which was recorded at Rs 1.37 lakh crore.

Maharashtra top in earnings, UP ahead in speed

If we look at the performance of the states, Maharashtra is once again at the forefront in terms of total amount. In October, the government received the highest amount from Maharashtra of Rs. 35,150 crore in local GST was received. There was an increase of 13 percent year-on-year. But if we talk about the pace of tax increase i.e. growth rate then Uttar Pradesh has left behind Maharashtra.

From UP in October Rs. 10,235 crore in tax was received, which is 24 percent more than October last year. While the growth of Maharashtra was only 13 percent. Talking about other big states, Karnataka’s collection increased by 18 percent to Rs. 15,922 crore has been done. From Gujarat it increased by 16 percent to Rs. 13,516 crore has been reached. The government has received Rs. 9,298 crores, which is 10 percent more than last year.

Fastest rise in Assam, decline in Himachal

The most surprising performance in terms of percentage was that of Assam. Assam’s GST collection increased by a whopping 47 percent to Rs. 1,934 crore has been reached. Apart from this, there was a sharp increase of 31 percent in Jharkhand and 29 percent in Madhya Pradesh.

The pace of Tamil Nadu, a large state in southern India, was quite slow. There the collection increased by only 3 percent to Rs. 11,661 crore may reach. On the other hand, in this entire environment, Himachal Pradesh was the only state where tax collection declined rather than increased. Annual GST received from Himachal Pradesh has decreased by 2 percent.