Mumbai, Nov. 2 -- Gross GST collections spiked 23 per cent to over Rs 2.31 lakh crore in October, driven by strong mop-up from domestic activities and imports, according to government data.

Gross GST collections from domestic sales rose 16 per cent to over Rs 1.59 lakh crore, and revenues from imports climbed 42 per cent to Rs 72,246 crore. After adjusting for refunds, net GST collections rose 26 per cent to over Rs 2.03 lakh crore in October.

During April-October, gross GST collection rose 13.2 per cent to over Rs 14.77 lakh crore. Net collections rose 13 per cent to over Rs 12.69 lakh crore.

Published by HT Digital Content Services with permission from Capital Market....