GST Collections Rise 4.6% in October 2025 to Rs 1.96 Lakh Crore

GST collection October 2025, reached Rs 1.96 lakh crore, shows a steady growth rate of 4.6% compare to October 2024. After refunds, net GST revenues were Rs 1.69 lakh crore, showing a modest growth of 0.6% year-on-year. This marks the 10 consecutive months where GST collections have remained above Rs 1.80 lakh crore, demonstrating the continued strength and maturity of India's indirect tax system.

Also Read | GST Collections Rise 9.1% in September 2025 to Rs 1.89 Lakh Crore

GST Collection Breakdown – October 2025

The gross GST collections grew by 4.6% YOY, while net collections increased by 0.6%. The difference reflects higher refund payouts, with total refunds increasing by 39.6% to Rs 26,934 crore in October 2025 compared to Rs 19,292 crore in October 2024.

April-October 2025 Cumulative Performance

During the first seven months of FY 2025-26, strong momentum continued with cumulative gross GST collections reaching Rs 13.89 lakh crore, demonstrating robust growth of 9.0% over the same period last year (Rs 12.74 lakh crore). Net collections for the period April-October 2025 totaled Rs 12.07 lakh crore, signaling a healthy growth of 7.1% over the corresponding period in 2024-25 (Rs 11.28 lakh crore).

Domestic vs Import Performance

Domestic GST collections grew by 2.0% to Rs 1.45 lakh crore, while import-related GST collections showed impressive growth of 12.84% reaching Rs 50,884 crore. This indicates strong performance in both domestic consumption and international trade activity, with imports showing particularly robust momentum.

Refund Analysis

Refunds rose significantly in October 2025, increasing 39.6% to Rs 26,934 crore over Rs 19,292 crore in October 2024.

• Domestic refunds increased by 26.5%, while
• Export refunds through ICEGATE saw a sharper rise of 55.3%.

For the cumulative period of April to October 2025, total refunds amounted to Rs 1.81 lakh crore, an increase of 23.9% compared to Rs 1.46 lakh crore for the same period last year. The higher refund payout continues to narrow the gap between gross and net GST growth rates.

State-wise Performance Highlights

State-level data reflects a mixed but largely stable revenue pattern across India.

Top 5 States/UTs – Highest GST Revenue Growth

Bottom 5 States/UTs – Largest GST Revenue Decline

Conclusion

In October 2025, tax receipts from the GST amounted to Rs 1.96 lakh crore, reflecting a year-on-year increase of 4.6% and continuing to demonstrate the resilience of India's indirect tax system. The strong cumulative GDP collections from April-October at a gross 9.0% growth suggest there is strong economic fundamentals evident in indicators such as labor statistics and the E-way bill data.

Moreover, the increase in registered taxpayer base to over 9.07 crore from the last years (October 2024) 6.59 crore, provides a measure of instantiated to consistent revenues recorded through the GST. The trajectory implied by the improvements validates reform provisions and places India in a reliable environment for continued public financial strength.

Also Read | GST Collections for August 2025 Rise 6.5% to Rs 1.86 Lakh Crore