New Delhi, Nov. 3 -- India's goods and services tax (GST) revenue from imports surged 42.2% year-on-year to Rs.72,246 crore in October, growing nearly three times as fast as domestic GST collections, which rose about 16% to Rs.1.59 trillion. The increase in import-related revenue helped push overall gross GST collections up 22.9% to Rs.2.31 trillion. Mint examines what is driving the faster growth in tax receipts from imports and what it means for government revenues and domestic manufacturing.

GST revenue from imports has grown significantly faster than domestic collections. Import-related GST revenue increased to Rs.72,246 crore in October from Rs.50,796 crore a year earlier, a rise of 42.2%. In comparison, domestic GST revenue increas...