Quote on GST collection numbers for October 2025 by Karthik Mani, Partner- Indirect tax at BDO India
Below the Quote on GST collection numbers for October 2025 by Karthik Mani, Partner- Indirect tax at BDO India
"The GST collections in October 2025, on domestic transactions, have remained flat, with just 2% growth in collections on a year-on-year basis. This is due to the somewhat muted demand in the first three weeks of September 2025, where some of the discretionary purchases were postponed to the last week of the month or even in the subsequent month, awaiting the reduction in price due to rate cuts. Further, the rate reductions, which became effective in the last week of September 2025, also impacted the overall collections, despite the actual buying likely to have shown an uptick. The better indicator of the impact of GST rate cuts would start showing from the GST collections in November, which would reflect the GST paid on supplies made in October.
The collections for November 2025 are likely to be higher, both due to festive demand and to increased affordability from lower rates. The impact of the rate reduction should be offset by the higher volume of supplies."
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