India’s Goods and Services Tax (GST) collections remained resilient in October 2025, with gross revenues rising to ₹1,95,036 crore, reflecting business activity undertaken in September but reported a month later. This marks a 4.6% year-on-year rise from ₹1,87,846 crore in October 2024, keeping GST mop-up close to the ₹2-lakh-crore milestone for the third straight month.

However, the net GST revenue — after accounting for refunds — grew marginally by 0.6% YoY to ₹1,69,002 crore, as refund outflows surged 55.3%, reflecting higher export incentives and credit settlements across manufacturing-heavy sectors.

Imports power ahead; domestic consumption shows softness

A major driver of revenue growth was the 12.8% increase in GST collected on imports, helped by a robust pickup in:

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