October GST collection up 22.9%: What drove it and what the figures do not show

What the data says: gross GST of about Rs 2.31 lakh crore, up 22.9% from a year earlier.

What drove it: a 42.2% rise in import-related revenue to Rs 72,246 crore.

What is steadier: domestic GST grew 15.8%, a slower pace than imports.

What is interpretation: one report suggests part of the import jump may reflect higher prices, which is not an official finding.

What to check: the figures are provisional and may be revised.

Net GST revenue, after refunds, was about Rs 2.03 lakh crore, up 25.6% from about Rs 1.61 lakh crore a year earlier, according to the same data.

Total refunds were Rs 27,934 crore, up 6.5% from Rs 26,225 crore a year earlier, according to Nation Press.

Domestic refunds were Rs 14,007 crore, up 9.8%, while the other refund component was Rs 13,927 crore, up 3.4%, according to the reports.

Revenue from imports was Rs 72,246 crore, up 42.2% from Rs 50,796 crore a year earlier, according to the reports.

The data says the growth in gross collections was supported by a 42.2 per cent increase in revenue from imports, according to The Tribune’s account of the release.

Net customs-related GST rose 56.2% to Rs 58,319 crore, according to the reports.

Gross GST from domestic transactions was about Rs 1.59 lakh crore, up 15.8% from about Rs 1.37 lakh crore, according to the reports.

Net domestic GST, after refunds, was about Rs 1.45 lakh crore, up 16.4%, according to The Tribune.

The domestic figure breaks down into Rs 42,935 crore of central GST, Rs 51,340 crore of state GST and Rs 64,769 crore of integrated GST on domestic transactions, according to the reports.

Imports made up roughly 31% of gross collections, and domestic transactions made up roughly 69%, going by the reported figures.

Among states, Maharashtra recorded Rs 35,150 crore of domestic GST, up 13%, and Karnataka recorded Rs 15,922 crore, up 18%, according to The Tribune.

Indian 1-rupee note (representative image), Wikimedia Commons, GODL-India