Gross Goods and Services Tax mop-up was ₹1.73 lakh crore in September 2024. Last month, the collection was ₹1.86 lakh crore, as per government data released. File.
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GST collections clocked near double-digit growth to amass ₹1.89 lakh crore in September — a month in which the reduced tax rates came into effect in the second half.
The GST collections were 9.1% higher than the same month a year ago and over 1.5% higher than the previous month.
Gross Goods and Services Tax (GST) mop-up was ₹1.73 lakh crore in September 2024. Last month, the collection was ₹1.86 lakh crore, as per government data released on Wednesday (October 1, 2025).
It is to be noted that GST 2.0 reforms in the form of rate rationalisation, which came into force on September 22, have been reflected in the collections.
Prices of as many as 375 items, including kitchen staples to electronics, from medicines and equipment to automobiles, got cheaper from September 22. The month has seen increased demand due to rate cuts.
During the month, the gross domestic revenue grew 6.8% to ₹1.36 lakh crore, while tax from imports rose 15.6 per cent to ₹52,492 crore in September.
However, GST refunds also rose by a steep 40.1% year-on-year to ₹28,657 crore.
Net GST revenue stood at ₹1.60 lakh crore in September 2025, recording 5% year-on-year growth.
Deloitte India partner MS Mani said the increase in gross GST collections to ₹1.89 lakh crore for the month indicates that there has not been any significant slowdown in economic activity in anticipation of the GST rate cuts during August, as this data relates to transactions in August.
With these collections for September, he said, the average monthly collections during FY26 are just a little short ₹2 lakh crore a month, marking a significant increase compared to FY25 when the average monthly collections till September 2024 were ₹1.8 lakh crore.
The impact of the surge in consumption from September 22 and the slowdown in demand from September 1-21, 2025, seems to have balanced each other as far as GST revenues are concerned, Tax Connect Advisory partner Vivek Jalan said.
However, he said, what could not balance out is the consumption in the manufacturing states (Maharashtra, Gujarat, Tamil Nadu and Karnataka) due to the slowdown in inter-state stock transfers and supplies till September 21 due to fears of ITC accumulation on rate reduction and the continued slowdown due to scarcity of vehicles from September 22, 2025.
Published – October 01, 2025 05:35 pm IST
