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GST Collection In October Rises 4.6% To Rs 1.95 Lakh Crore; Details Here
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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)
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
November 01, 2025, 14:38 IST
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Business
Budget eases PF, ESI deduction rules for employers, allows relief for delayed deposits – The Times of India
In a move expected to bring relief to employers and reduce routine tax disallowances, the finance bill has proposed a key change to the treatment of employees’ provident fund (PF), ESI and similar contributions, allowing deductions even where there is a delay in deposit, provided the amount is deposited by the employer entity with the relevant welfare fund authorities before the due date of its Income-tax return.At present, employers can claim deduction for employees’ PF and ESI contributions only if the amounts are deposited within the strict timelines prescribed under the respective welfare laws. Even a minor delay permanently disqualifies the expense for tax purposes, a position that had been settled by the Supreme Court (SC) after years of litigationUnder the proposed amendment to Section 29 of the Income-tax Act, 2025, the definition of “due date” for claiming deduction of employees’ contributions is set to be aligned with the due date for filing the income-tax return by the employer entity.Explaining the shift, Deepak Joshi, a SC advocate said employers are currently held to a rigid standard. “The law, as interpreted by the SC, meant that if employee contributions were not deposited within the due date under the relevant welfare fund laws, no deduction was allowed — even if the payment was made before filing the income-tax return,” he said.“The proposed amendment substitutes the definition of ‘due date’ to mean the due date of filing the income-tax return. The positive impact is that even if there is a slight delay in depositing employees’ contributions, so long as the amount is deposited before the return-filing deadline, the employer will be allowed the deduction,” Joshi added. Experts view the move as part of the government’s broader effort to soften compliance rigidities and reduce avoidable litigation.
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Budget eases PF, ESI deduction rules for employers, allows relief for delayed deposits – The Times of India
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