The country’s gross Goods and Services Tax (GST) collections grew nearly 23 per cent year-on-year to over Rs 2,31,000 crore in October this year, driven by robust domestic economic activity and a sharp rise in tax revenue from imports. According to the provisional government data released today, gross GST revenue from domestic sales climbed 15.8 per cent year-on-year to over 1.59 lakh crore rupees in October, while revenue from imports surged 42.2 per cent to 72, 246 crore rupees.

The gross GST revenue collection includes Central GST mop-up of 42 thousand 935 crore rupees, State GST of 51 thousand 340 crore rupees and Integrated GST of 1 lakh 37 thousand 15 crore rupees.

Goods and Services Tax refunds increased 6.5 per cent year-on-year to Rs 27, 934 crore rupees last month. After adjusting for refunds, net GST revenue increased 25.6 per cent to 2.03 lakh crore rupees in October, compared with over Rs 1.61 lakh crore in the corresponding period last year.