India's GST collection increases 4.6% to US$ 22.08 billion in October 2025
- IBEF
- November 3, 2025
India’s gross Goods and Services Tax (GST) collections rose 4.6% YoY to Rs. 1,96,000 crore (US$ 22.08 billion) in October 2025, driven by robust festive spending and pent-up demand following recent tax cuts. Despite the rate reduction on 375 items, including essentials, electronics, and automobile collections, the rate remained strong, supported by a surge in purchases during the Navratri-to-Diwali period. Many consumers deferred spending after Prime Minister Mr. Narendra Modi’s Independence Day announcement of forthcoming GST reductions, leading to a concentrated demand boost once the cuts took effect on September 22.
October’s revenue marked an improvement from Rs. 1,87,000 crore (US$ 21.07 billion) in the same month last year and from the Rs. 1,86,000 crore (US$ 20.95 billion) and Rs. 1,89,000 crore (US$ 21.29 billion) collected in August and September 2025, respectively. Domestic GST collections rose 2% to Rs. 1,45,000 crore (US$ 16.33 billion), while import-related revenues increased 13% to Rs. 50,884 crore (US$ 5.73 billion). Refunds surged 39.6% to Rs. 26,934 crore (US$ 3.03 billion), leaving net GST revenue at Rs. 1,69,000 crore (US$ 19.04 billion), up marginally by 0.2% YoY. Although growth moderated compared to the 9% average seen earlier in the fiscal, the data indicates resilient consumption and steady tax buoyancy amid rate rationalisation.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
