Published on 03/11/2025 05:21 PM
The annual increase in the Goods and Services Tax (GST) from October 2024 to October 2025 was estimated at 7.8 per cent, totalling the sum from Rs 9,65,138 crore in October 2024 to Rs 10,40,055 crore in October 2025 as per the official data released on Monday.
In October 2024, the monthly gross domestic revenue was Rs 1,42,251 crore, and GST revenue from imports was Rs 1,45,052 crore in October 2025 and so in a monthly increase of 2 per cent. However, on the other hand, gross GST revenues from imports showed a yearly increase of 12.9 per cent, which is a clear indication of vibrant trade activity.
The reported GST revenue collections for October 2025 point to the continued strength of the entire economy, along with the government's festival consumption and compliance measures; this is because the substantial increase in the GST related to imports shows good trade sentiments, while the domestic collections reflect a slow but sure improvement.
In general, the positive trend denotes that the consumption recovery is long-lasting, the tax base is broadening, and the fiscal health of the country is strong, making India a stable economic powerhouse for the fiscal year 2025-26.
The total GST revenue for October 2025 is Rs 1,95,936 crore, recording a 4.6 per cent rise when compared with Rs 1,87,346 crores for the same month last year.
The beginning of the GST rate cuts in September 2025 saw a just as large increase in the GST collections as strong consumer demand through the so-called festive season was sustained.
In addition, there are total GST refunds that show a wide growth of 39.6 per cent per month, which includes domestic refunds at 26.5 per cent and import refunds at 55.3 per cent -- the amounts rising from Rs 10,484 in October 2024 to Rs 13,260 in October 2025 and from Rs 8,808 to Rs 13,675, respectively.
The total net GST revenue for the month of October 2025 has been reported at Rs 1,69,002 crore. This amount represents an increase of 0.6 per cent in terms of monthly growth and 7.1 per cent in terms of yearly growth when compared to the corresponding period last year, which was Rs 1,68,054 crore.
The state-wise data reveals that the five states of Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Haryana collectively contributed more than 40 per cent of the total GST revenue, highlighting their importance as the main consumption and production centres.