GST collection over Rs 1.51 trillion in October, second highest ever

Revenue for October is second highest monthly collection, next only to April 2022

The government collected Rs 1.52 trillion as goods and services tax (GST) in October, a 16.6 per cent rise year-on-year, driven by festival-related spending, higher tax rates, and better compliance. This was the second-highest monthly collection since the implementation of the indirect tax regime in July 2017. GST collection touched a record high of Rs 1.67 trillion in April.

Of the total gross GST mop-up in October, central GST (CGST) was Rs 26,039 crore, state GST (SGST) Rs 33,396 crore, integrated GST (IGST) Rs 81,778 crore (including Rs 37,297 crore collected on import of goods), and cess was Rs 10,505 crore