India’s GST Collections Rise 4.6% to ₹1.96 Lakh Crore in October

India’s gross Goods & Services Tax (GST) collections for October 2025 reached about ₹1.96 lakh crore (≈ US$22.4 billion), a year-on-year rise of approximately 4.6%. The uplift was supported by robust festive consumption, despite refunds rising nearly 40 %. Smaller tax-rate reductions on cars and shampoos had limited overall impact on mop-up. Analysts say the trend underlines resilient domestic demand, although the jump is modest compared with previous months and suggests tighter macro headwinds remain ahead.