October 2025 recorded ₹1,84,500 Crore in GST collections — the highest of FY26 at that point — powered by Navratri-Diwali festive spending, Dhanteras gold purchases, and record auto dispatches.
| # | State | Collection (₹ Cr) | Share (%) |
|---|---|---|---|
| 1 | Maharashtra | ₹33,400 | 18.1% |
| 2 | Karnataka | ₹16,800 | 9.1% |
| 3 | Gujarat | ₹15,400 | 8.3% |
| 4 | Tamil Nadu | ₹14,100 | 7.6% |
| 5 | Uttar Pradesh | ₹13,200 | 7.2% |
| 6 | Haryana | ₹10,600 | 5.7% |
| 7 | West Bengal | ₹8,900 | 4.8% |
| 8 | Telangana | ₹8,500 | 4.6% |
Peak festive purchasing — electronics, appliances, gold, apparel. Pre-Diwali orders drove massive IGST on inter-state movement.
Dhanteras 2025 saw record gold purchases — estimated 40+ tonnes in a single day. GST at 3% on gold + 5% on making charges.
Passenger vehicle sales hit all-time monthly high — 4.2L units dispatched in October. 28% GST on vehicles + cess.
Amazon/Flipkart festive sales started in late September — October saw deliveries + returns adjustment settlements.
Government capex push — October disbursements for road, rail, and defence projects drove 18% GST on services.
Companies settling Q2 invoices and placing H2 advance orders before FY end planning. B2B compliance at 91%.
| Period | Collection (₹L Cr) | YoY Change |
|---|---|---|
| Oct 2022 | ₹1.52L Cr | — |
| Oct 2023 | ₹1.72L Cr | +13.2% |
| Oct 2024 | ₹1.67L Cr | -2.9% |
| Oct 2025 | ₹1.84L Cr | +10.1% |
India's gross GST collection for October 2025 was ₹1,84,500 Crore — a strong 10.1% year-on-year growth over ₹1,67,540 Cr in October 2024. This was the highest single-month collection in FY 2025-26 until that point. Breakup: CGST ₹33,400 Cr (18.1%), SGST ₹42,300 Cr (22.9%), IGST ₹95,600 Cr (51.8% — including ₹45,200 Cr on imports), Compensation Cess ₹13,200 Cr (7.2%). October benefits from pre-Diwali festive spending, corporate quarter-end settlements, and government capital expenditure.
October is consistently one of India's highest GST months because: (1) Navratri-Diwali festive corridor — India's biggest consumer spending period; (2) Collections in October reflect September transactions (pre-stocking by retailers/wholesalers); (3) Auto sector peaks — car/bike companies push dispatches for festive delivery; (4) Gold purchases — Dhanteras + Diwali gold buying (3% GST); (5) Corporate Q2 settlements — September quarter-end invoicing settles in October; (6) Government spending acceleration — capex push in H2. October 2025 at ₹1.84L Cr beat October 2023's record (₹1.72L Cr) by 7%.
While exact Dhanteras-specific GST data isn't published separately, estimates suggest: (1) Gold purchases on Dhanteras 2025: ~40-45 tonnes (₹28,000-30,000 Cr value); (2) GST at 3% on gold = ~₹850-900 Cr in a single day; (3) Making charges (5% GST on jewellery making) add another ₹200-250 Cr; (4) Combined with Diwali electronics/appliances purchases (18-28% GST), the Dhanteras-Diwali 5-day window likely contributed ₹4,000-5,000 Cr in GST. This is factored into October collections (since transactions in late Oct are filed in November).
Maharashtra led absolute collections at ₹33,400 Cr (18.1% share), but strongest growth rates were: (1) Karnataka: +14.2% YoY — driven by IT services invoicing and Bangalore real estate; (2) Haryana: +13.8% — Gurugram services economy + Manesar auto manufacturing; (3) Gujarat: +12.1% — Diwali diamond trade + GIFT City financial services; (4) Telangana: +11.9% — Hyderabad pharma exports + IT/ITES growth; (5) West Bengal: +11.5% — Durga Puja spending + coal/steel dispatch. UP and Maharashtra showed steady ~9-10% growth (large base effect).
October 2025's 10.1% growth signals: (1) Real economic growth — since GST is consumption-based, higher collections = more goods/services transacted; (2) Improving compliance — tax-to-GDP ratio improving (filing rates at 91%); (3) Festive confidence — consumer sentiment strong enough to drive record retail spending; (4) Inflation-adjusted real growth — with ~5% inflation, real transaction volume grew ~5%; (5) Government revenue comfort — FY26 GST target of ₹21L Cr looks achievable at this run-rate (averaging ₹1.75L/month). It also suggests India's GDP growth in Q3 FY26 will likely exceed 6.5%.
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