November 1, 2025

Are you ready for some upbeat news from India’s economy? In October 2025, India collected a whopping 1.96 trillion rupees (about $22.3 billion) in gross Goods and Services Tax (GST), which is around 5% higher than last year! The government announced this exciting figure on Saturday, making it clear that the festive season is bringing extra sparkle to the country’s tax collections. After giving refunds, the government’s net GST collections stood at 1.69 trillion rupees, marking a modest 0.6% rise compared to October 2024. What’s behind this good news? Well, India started cutting taxes on hundreds of everyday items like shampoo and small cars from September 22, right as the festival season kicked off. These tax reductions have encouraged people to spend more, firing up economic activity. But wait, the full story will unfold more clearly next month, because GST tax payments come with a slight delay. Still, experts are cheering! Abhishek Jain, a partner at KPMG, said, "The higher gross GST collections reflect a strong festive season and higher demand … It is a positive indicator of how both consumption and compliance are moving in the right direction." So, whether it’s Diwali lights or new purchases, the festival cheer is shining on India’s economy! With more people buying and everyone paying the right taxes, the country’s money pot is looking healthier and happier.

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Tags: Gst Collections, India Tax, Festival season, Tax cuts, Goods And Services Tax, Economic Demand,