India’s gross Goods and Services Tax (GST) revenue for October 2025 stood at ₹1,95,936 crore, marking a 4.6% year-on-year increase compared to ₹1,87,346 crore collected in October 2024, according to provisional data. The growth was largely driven by higher GST collected on imports, even as domestic revenue showed almost no expansion.
While the increase reflects steady consumption levels, analysts point to widening divergences in sectoral and state-level performance, as well as rising refund pressures.
Breakdown of October 2025 GST Revenues
| Component | Oct 2024 (₹ crore) | Oct 2025 (₹ crore) | Growth |
| CGST | 33,821 | 36,547 | ↑ |
| SGST | 41,864 | 45,134 | ↑ |
| IGST (Total) | 99,111 | 1,06,443 | ↑ |
| Compensation Cess | 12,550 | 7,812 | ↓ |
| Total Gross GST | 1,87,346 | 1,95,936 | +4.6% |
The data reveals a stark contrast between domestic and import collections:
- Domestic GST revenue grew only ~2%, indicating stable but slow internal consumption.
GST collection October 2025 - GST on imports rose sharply by 12.84%, signaling stronger demand for imported goods and intermediate inputs.
GST collection October 2025
Refunds Surge Nearly 40%, Impacting Net Revenues
Refunds, particularly to exporters, increased significantly:
- Total refunds in October 2025: ₹26,934 crore
- Up from: ₹19,292 crore in October 2024
- Growth: 39.6%
GST collection October 2025
Because of this, net GST revenue rose only 0.6%, from ₹1,68,054 crore to ₹1,69,002 crore.
GST collection October 2025
This suggests that while transaction volumes were healthier, working capital outflows through refunds were larger than usual.
State-Wise Performance Shows Wide Variance
Overall state-wise GST revenues increased by 2%, but results varied sharply:
GST collection October 2025
States with Strong Growth
| State | Growth |
| Nagaland | +46% |
| Arunachal Pradesh | +44% |
| Ladakh | +39% |
| Andaman & Nicobar Islands | +30% |
| Telangana | +10% |
| Karnataka | +10% |
| Gujarat | +6% |
| Tamil Nadu | +4% |
States Showing Decline
| State | Decline |
| Himachal Pradesh | -17% |
| Jharkhand | -15% |
| Uttarakhand | -13% |
| Jammu & Kashmir | -9% |
| Andhra Pradesh | -9% |
| Puducherry | -24% |
The regional performance divergence is seen as tied to differences in manufacturing momentum, construction activity, and tourism-linked sectors.
GST Collection for April–October 2025
For the first seven months of FY 2025-26:
- Gross GST collection: ₹13.89 lakh crore
- Up from: ₹12.74 lakh crore in the same period last year
- Growth: 9%
GST collection October 2025
This puts GST revenues on track to meet the fiscal year’s budgeted estimates, though domestic consumption trends continue to be closely monitored.
Outlook
Economists note import-led revenue growth could indicate strong industrial restocking. Flat domestic net revenue suggests plateauing household consumption. The refund surge may reflect both export demand revival and faster processing efficiency.
Policy watchers will look for November and December data to assess festive spending momentum and its impact on domestic GST accruals.
