Connect with us

Business

GST Collection In October Rises 4.6% To Rs 1.95 Lakh Crore; Details Here

Published

on

GST Collection In October Rises 4.6% To Rs 1.95 Lakh Crore; Details Here


Last Updated:

India’s goods and services tax (GST) collections in October 2025 rise 4.6% to Rs 1,95,936 crore, compared with Rs 1,87,346 crore in September.

GST Collections In October 2025.

GST Collection October 2025: India’s goods and services tax (GST) collections in October 2025 rose 4.6% to Rs 1,95,936 crore, compared with Rs 1,87,346 crore in September, according to the latest official data.

The gross domestic revenue in October 2025 grew 2.0 per cent to Rs 1.45 lakh crore, while tax from imports rose 12.84 per cent to Rs 50,884 crore. GST refunds were up by 39.6 per cent year-on-year to Rs 26,934 crore.

Net GST revenue stood at Rs 1.69 lakh crore in August 2025, recording 0.6 per cent year-on-year growth.

For the April-October 2025 period, GST revenues totalled Rs 13.89 lakh crore, marking a 9.0% increase from Rs 12.74 lakh crore collected during the same period last year.

Abhishek Jain, Indirect Tax Head & Partner, KPMG said, “The higher gross GST collections reflect a strong festive season, higher demand and a rate structure that has been well absorbed by businesses. It is a positive indicator of how both consumption and compliance are moving in the right direction.”

Mahesh Jaising, Partner & Indirect Tax Leader, Deloitte India, said, “With GST rate rationalisation bringing in the GST utsav dhamaka, with significant GST rate cuts, India’s GST collections for October 2025 surged to a robust ₹1.96 lakh crore, reflecting a 4.6% year-on-year growth and underscoring the resilience of our economy amid festive momentum & enhanced compliance.”

This fiscal strength arms the Government with the bold resolve to drive GST 2.0 reforms, streamlining rates, curbing evasion and simplifying compliance, propelling India toward a truly seamless, tech-driven tax ecosystem, he added.

New GST Reforms

The GST Council in September rationalised the indirect tax structure, reducing the four-rate slab system to two slabs, addressing a long-standing demand from the Indian middle class.

Items previously taxed at 12% and 28% will now largely shift to the remaining 5% and 18% slabs, making a broad range of products more affordable and, policymakers hope, stimulating consumption at a time when the economy seeks fresh momentum.

The GST rate changes applied to all goods except pan masala, gutkha, cigarettes, chewing tobacco products such as zarda, unmanufactured tobacco, and bidi, and will take effect from September 22, 2025.

(Details will be updated soon)

Mohammad Haris

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

Follow News18 on Google. Join the fun, play QIK games on News18. Stay updated with all the latest business news, including market trendsstock updatestax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.
News business tax GST Collection In October Rises 4.6% To Rs 1.95 Lakh Crore; Details Here
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Read More



Source link

Business

Ads for British beef and milk banned following Chris Packham complaint

Published

on

Ads for British beef and milk banned following Chris Packham complaint



Two ads promoting British beef and milk have been banned after television presenter and environmental campaigner Chris Packham complained that they misled consumers about the products’ carbon footprints.

Both ads for the Agriculture and Horticulture Development Board’s (AHDB) Let’s Eat Balanced campaign used the carbon footprint of British beef and milk to promote the products, firstly stating: “British beef not only tastes great, but has a carbon footprint that’s half the global average*.”

The asterisk linked to text that stated: “Full lifecycle emissions of CO2 eq (carbon dioxide equivalent) per kg of beef.”

The ad for milk stated: “British milk not only tastes good, but is also produced to world-class standards, and has a carbon footprint a third lower than the global average.”

Packham complained to the Advertising Standards Authority (ASA) that the ads, and specifically the carbon footprint claims, were misleading as they did not reflect the full environmental impact of British meat and dairy.

The AHDB said the ads’ mention of carbon emissions would be understood in relation to the environmental impact of beef and milk that occurred between the “cradle-to-retail” stages.

But the ASA said the average consumer “being reasonably well-informed, observant and circumspect” would understand the claims to apply beyond the retail stage and include actions such as cooking and wastage.

The ASA said: “While we acknowledged the potential difficulties in producing post-retail emissions data, the claims in the ads suggested those emissions were included and we therefore expected the evidence provided to also include them.

“We therefore concluded that the evidence presented was insufficient to support the full life-cycle claims in the ads, which was how the average consumer was likely to interpret them.

“We reminded AHDB that environmental claims should be based on the full life cycle unless the ad stated otherwise.”

AHDB’s director of communications and market development, Will Jackson, said: “Let’s Eat Balanced is doing what it was designed to do, providing clear, factual, evidence-led information about British food, nutrition and farming standards.

“Since the investigation began, we have conducted independent consumer research which found that the majority of respondents interpreted these adverts as relating to the production phase only, from farm to retail.

“This research provides important insight into consumer understanding and supports our belief that consumers were not misled by the information we shared in these two specific adverts.”



Source link

Continue Reading

Business

Gen Z pros embrace ‘portfolio careers’ as side hustles surge – The Times of India

Published

on

Gen Z pros embrace ‘portfolio careers’ as side hustles surge – The Times of India


BENGALURU: India’s Gen Z workforce is embracing what experts describe as “portfolio careers” – balancing multiple professional identities and income streams simultaneously. New research from LinkedIn shows that 75% of Gen Z entrepreneurs in India now manage multiple income streams, significantly higher than the 62% among Gen X entrepreneurs. The findings point to a growing preference among younger professionals for flexibility, autonomy and diversified sources of income. “We’re also seeing the rise of the ‘portfolio era’, with more professionals creating multiple income streams and redefining what a career can look like. This shift is making entrepreneurship more accessible than ever before,” said LinkedIn India country manager Kumaresh Pattabiraman.Rather than depending on a single full-time role, many professionals are simultaneously building businesses, freelancing, consulting, creating online content and monetising specialised skills through digital platforms. The trend comes amid a broader rise in entrepreneurial activity in India. LinkedIn recorded a 104% year-on-year increase in members adding “Founder” to their profiles – the highest growth among all global markets.AI is also emerging as a major enabler of this shift. The report found that 85% of Gen Z entrepreneurs consider AI and digital tools important to their business operations.



Source link

Continue Reading

Business

Elon Musk said control of OpenAI should go to his children, Sam Altman tells jury

Published

on

Elon Musk said control of OpenAI should go to his children, Sam Altman tells jury



Sam Altman said Elon Musk tried many times for total control of OpenAI, which he’s now suing.



Source link

Continue Reading

Trending