October 2026 GST Revenues Hit ₹2.31 Lakh Crore: Deconstructing the Fiscal Surges, Import Dynamics, and Tax Compliance Imperatives
India's gross GST collections jumped 22.9% in October 2026 to ₹2.31 lakh crore, driven by a massive 42.2% surge in import IGST. We analyze the underlying indirect tax mechanisms, refund dynamics, and compliance implications for businesses.