New Delhi: India’s Goods and Services Tax (GST) revenue for October went up by 4.6 per cent, reaching nearly Rs 1.95 lakh crore, compared to virtually Rs 1.87 lakh crore placid during the same month a year earlier, as shown by the official figures shared by government on Saturday.
How did variegated parts of GST perform this month?
According to the data, revenue from the Central GST, State GST, and Integrated GST all showed growth when compared to the previous year, though collections from cess dropped slightly. Between April and October of the 2025–26 financial year, GST revenue stood at well-nigh Rs 13.89 lakh crore — a 9 percent rise over Rs 12.74 lakh crore placid in the same period of the last fiscal.
What trends can be seen in the first seven months?
All three main categories — CGST, SGST, and IGST — grew during this period, while cess slipped again. In 2024–25, GST collections touched a record Rs 22.08 lakh crore, marking a 9.4 percent increase from the year before. The stereotype monthly hodgepodge during that year stood at Rs 1.84 lakh crore, the highest since GST came into effect in 2017. Over time, collections have moved steadily upward — from Rs 11.37 lakh crore in 2020–21 to Rs 20.18 lakh crore in 2023–24 — reflecting a stronger economy and largest tax compliance.
What does this rise tell us well-nigh India’s economy?
The steady resurgence in GST numbers points to healthy growth in economic activity. It moreover highlights stronger merchantry performance and increasingly disciplined tax reporting by companies and traders.
What big GST reforms came in September?
The GST Council, led by the Union Finance Minister and comprising state finance ministers, has been key in shaping the country’s GST policy. Since its megacosm in 2016, it has held 55 meetings focused on simplifying rules for taxpayers. On September 3, without Prime Minister Narendra Modi’s Independence Day announcement, the Council unveiled major reforms under GST rationalisation. The older four-slab system (5%, 12%, 18%, and 28%) was replaced with two main rates — 5% for essentials and 18% as the standard rate — plus a 40% rate for luxury and sin goods. These changes, which came into gravity on September 22, the first day of Navratri, were aimed at reducing the tax undersong on people and boosting economic growth.
