NEW DELHI, Nov. 1 -- India's gross goods and services tax (GST) collections grew 22.9% year-on-year to Rs.2.31 trillion in October, the fastest growth for the month in at least four years, marking a sharp acceleration in revenue growth amid a surge in import-related collections.

The growth was well above the 4.6% recorded in October last year, and also exceeded the 8.9% in October 2024, 13.4% in October 2023 and 16.6% in October 2022. Revenue from imports jumped 42.2% to Rs.72,246 crore, outpacing the 15.8% growth in domestic GST collections, which rose to Rs.1.59 trillion from Rs.1.37 trillion a year earlier, according to provisional government data released on Sunday.

October marked the fourth month in the current fiscal year in which...