GST collections hit ₹2.31 lakh crore in Oct, up 22.9% YoY on robust domestic growth
GST Council is in focus in a taxation development.
· Business Today Mkts
The cumulative gross GST collection for the first seven months of the current fiscal year (April-October 2026) stood at Rs 14,77,569 crore, registering a steady 13.2% growth over the Rs 13,05,213 crore recorded during the same period in the previous financial year.
The analysis
GST Council reported ₹2.31 lakh crore, Rs 14,77,569 crore and Rs 13,05,213 crore, with movement of 22.9% and 13.2% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
This is a Tax / tariff / duty event. Duty and incentive changes reset landed cost and competitive position immediately, and unlike demand shifts they arrive on a known date.
Why it matters
- Tax changes flow through to post-tax earnings and can shift the relative appeal of entire asset classes.
- With GST Council involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sectors in the story: Financial Services.
Financial Services
1M -8.8% · 3M -14.9%
Sector moves are the average of the stocks we track in each sector.
In this story
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