GST Collection: Goods and Services Tax (GST) collection is likely to cross Rs 2 lakh crore in the month of November. The surprising thing is that despite the reduced GST rate and projections regarding revenue loss, there is an expectation of a jump in GST collection this month. In November last year, GST collection had reached Rs 1.82 lakh crore.

It was being estimated that after the change in indirect tax in the beginning of September, GST collection may be slightly less in the first few months. However, SBI Research, a think tank of State Bank of India, has said that the gross domestic GST collection with IGST and cess on imports can cross the Rs 2 lakh crore mark in November. After the 56th meeting of the Goods and Services Tax (GST) Council, new rates came into effect from September 22, under which many things used in common life became cheaper.

GST collection crosses Rs 2 lakh crore

A report by SBI Research said, “Our analysis shows that the gross domestic GST collection for November 2025 could reach about Rs 1.49 lakh crore, which is 68 percent more than last year. Also, with Rs 51,000 crore of IGST and import cess, the GST collection for November may cross Rs 2 lakh crore, which is due to the peak demand in the festive season due to lower GST rate and increased compliance. Many states are getting the benefit of this. “In credit cards, merchant categories like auto, grocery stores, electronics, furnishing and travel showed huge growth in the e-commerce channel, where 38 per cent of spend was on utilities and services, followed by supermarkets and grocery at 17 per cent and travel agents at 9 per cent.”

How much GST collection was done from which state?

• Jammu and Kashmir – 551 (25 October) – 584 (25 November)
• Himachal Pradesh – 722 (25 October) – 697 (25 November)
• Punjab – 2,311 (25 October) – 2637 (25 November)
• Uttarakhand – 1,604 (25 October) – 1751 (25 November)
• Haryana – 10,057 (25 October) – 11479 (25 November)
• Delhi- 8,538 (25 October) 9120 (25 November)
• Rajasthan – 4,330 (25 October) – 4883 (25 November)
• Uttar Pradesh – 9,806 (25 October) – 10412 (25 November)
• Bihar – 1,652 (25 October) – 1685 (25 November)
• Assam – 1,440 (25 October) – 1316 (25 November)
• West Bengal – 5,556 (25 October) – 4705 (25 November)
• Jharkhand – 2,518 (25 October) – 2654 (25 November)
• Odisha – 4,824 (25 October) – 4894 (25 November)
• Chhattisgarh – 2,598 (October 25) – 2471 (November 25)
• Madhya Pradesh – 3,449 (25 October) – 3672 (25 November)
• Gujarat – 12,113 (25 October) – 12348 (25 November)
• Maharashtra – 32,025 (25 October) – 37248 (25 November)
• Karnataka – 14,395 (25 October) – 13367 (25 November)
• Kerala- 2833 (25 October)- 2641 (25 November)
• Tamil Nadu- 11588 (October 25)- 10624 (November 25)
• Telangana – 5726 (25 October) – 7583 (25 November)
• Andhra Pradesh – 3490 (25 October) – 3082 (25 November)

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Direct Tax Collections: A big positive news related to the country’s tax collection has come to light. There has been an increase of about 7 percent in direct tax collection in the current financial year, due to which the total collection has increased to more than Rs 12.92 lakh crore. According to the latest data released by the government, between April 1 and November 10, 2025, the rate of refund issuance declined by 18 percent on an annual basis to a little more than Rs 2.42 lakh crore.

Increase in corporate tax

Net corporate tax collection during this period was approximately Rs 5.37 lakh crore, which was Rs 5.08 lakh crore in the same period of the last financial year. This indicates stability and improvement in profits in the corporate sector.

At the same time, the combined tax collection from individual taxpayers and HUF (Hindu Undivided Family) increased to Rs 7.19 lakh crore, which was Rs 6.62 lakh crore in the same period last year. This increase shows that personal income levels have strengthened and tax compliance has improved.

Status of Securities Transaction Tax (STT)

During the period under review, the government received Rs 35,682 crore from Securities Transaction Tax (STT). However, this shows a slight decrease compared to last year’s Rs 35,923 crore. Nevertheless, the government has set a target of raising Rs 78,000 crore from STT in the financial year 2025–26.

Gross Direct Tax Collection, which includes both personal income tax and corporate tax, increased by 7% year-on-year to Rs 12.92 lakh crore in the current financial year till November 10. It was Rs 12.08 lakh crore in the same period a year ago. Before refund adjustments, total gross direct tax collections stood at more than Rs 15.35 lakh crore, an increase of 2.15 per cent over the previous year.

Government’s goal and experts’ opinion

The government has estimated the total direct tax collection for the current financial year (2025–26) to be Rs 25.20 lakh crore, which is 12.7 percent more than the previous year. Rohinton Sidhwa, partner, Deloitte India, said that these figures are proof that despite the reduction in interest rates, there has been strong growth in non-corporate tax collections. This is a sign of improvement in income levels and tax compliance in the Indian economy.

India’s tax collection system is continuously getting stronger. The increase in both corporate and personal taxes reflects that income growth, formalization and investment levels in the economy are improving, thereby maintaining momentum towards achieving the government’s revenue targets.

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Prime Minister Narendra Modi wrote a letter to the country on Diwali. He wrote that my best wishes to all of you on this holy festival of Diwali full of energy and enthusiasm. This is the second Diwali after the grand construction of Ram temple in Ayodhya. Lord Shri Ram teaches us to follow dignity and also teaches us to fight injustice. We also saw a live example of this during Operation Sindoor a few months ago.

He said that in Operation Sindoor, India followed decorum and also took revenge for injustice. This time’s Diwali is also special because for the first time, Diwali lamps will be lit in remote areas of many districts of the country. These are the districts where Naxalism and Maoist terrorism have been completely eradicated. In the past, we have seen how many people left the path of violence and joined the mainstream of development and expressed faith in the Constitution of the country. This is a big achievement for the country.

Thousands of crores of rupees are being saved from GST savings festival.

PM Modi further wrote that a few days before these historic achievements, Next Generation Reforms have also started in the country. Lower GST rates have come into effect on the first day of Navratri. Countrymen are saving thousands of crores of rupees in GST Bachat Utsav.

PM Modi told how India will develop

PM Modi said that in a world going through many crises, our India has emerged as a symbol of both stability and sensitivity. In the coming time, we are also going to become the third largest economy in the world. Therefore, it is important that we adopt Swadeshi and say with pride – This is Swadeshi.

The Prime Minister called upon the people to increase the spirit of Ek Bharat Shrestha Bharat and respect every language. We should give priority to our health and reduce the amount of oil in food by 10 percent and adopt yoga. All these efforts will take us towards a developed India.

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During Navratri, Mercedes-Benz set a new record by selling more than 2,500 cars in just 9 days, taking its total sales to almost Rs 1,600 crore. This has been one of the biggest sales ever under the company’s ‘Dream Days’ campaign. The recent reduction in GST, especially the removal of Compensation Cess, has reduced the tax burden on luxury cars – earlier, 22% Compensation Cess had to be paid along with 28% GST, now only 40% GST is applicable. The impact of this direct 10% tax cut was clearly visible on the sales of Mercedes-Benz. A tremendous increase was seen in the sales of popular models like GLS, AMG G63, GLE, GLC and EQS SUV. Along with this, models like E-Class LWB and GLE also recorded the best sales till date. In the second quarter (July-September) of FY26, Mercedes-Benz recorded total sales of 5,119 units. Companies like BMW, Audi and JLR also reduced prices by Rs 3 to 5 lakh, which led to a wave of new purchases in the luxury segment.

GST collections in September: After the implementation of the GST reform, the government’s revenue has appeared positively. State governments earlier feared that the rate cuts would negatively impact the collection, but the September 2025 figures prove this fear wrong. The new rates came into effect from 22 September and heavy purchases in the festive season brought the GST collection to a record level.

GST collection increased

In September 2025, the GST collection increased by 9.1 percent to Rs 1.89 lakh crore. Comparison, it was Rs 1.73 lakh crore in September 2024 and Rs 1.86 lakh crore in August 2025. Gross domestic revenue increased by 6.8 percent to Rs 1.36 lakh crore and import tax increased by 15.6 percent to Rs 52,492 crore.

With this, GST refund also increased by 40.1 percent to Rs 28,657 crore on an annual basis. In September 2025, the net GST revenue was Rs 1.60 lakh crore, which is five percent more than the previous year.

Tax rates were cut on 375 items under GST 2.0 reforms, including kitchen goods, electronic items, medicines, equipment and motor vehicles. The direct impact of these changes has been seen as relief to the common consumers and the government as better revenue growth.

Perfect treasure of government

Minister of State for Finance Pankaj Chaudhary on Monday expressed confidence that the recent Goods and Services Tax (GST) reforms will increase the market shopping and will speed up the domestic economy. He said this while interacting with local businessmen, entrepreneurs and tax experts in Indore.

On this occasion, Chaudhary said, “Prime Minister Narendra Modi believes that when the GST reforms will provide extra money in the hands of the common people, it will increase the purchase in the market and the economy will gain momentum.” He further said that the GST system led by Prime Minister Modi was implemented in 2017, although the preparation was going on about 10 years ago.

Targeting the Congress -led United Progressive Alliance (UPA) government, Chaudhary said that the government of that time could not succeed in implementing the GST system as the public and the state governments did not trust that government. He alleged that due to lack of credibility of the then government, the state governments could not be ready for the GST system.

GST 2.0: Shopping has intensified in the festive season after the GST rate cuts. In emerging markets and metros, demand has seen an increase of 23 to 25 percent. Under the GST reform implemented from 22 September 2025, tax slabs on big screen TVs, furniture and medium range fashion products have been reduced. This led to a decrease in prices and consumers directly benefited.

major impact:

GST on big TV was reduced from 28% to 18%, declining prices by 6-8% and increased demand for premium model.
Fashion, priced below Rs 2,500, is now only 5% GST, which led to a boom in sales.
The demand for furniture also increased significantly.

According to Redseer’s report, the first two days sales have increased by 23-25% on an annual basis. The demand for GST 2.0 improvement and festive season together brought out the sales of premium smartphones and TV to a record level.

Effect on e-commerce:

The demand was so high that some apps were slow and crashed while giving orders. Amazon set a record of more than 38 crore customers in the first two days, out of which more than 70% of the customers were out of the top 9 metros. Flipkart also recorded 21% more users in the first 48 hours than last year.

Amazon India Vice President Saurabh Srivastava said that “GST Savings Utsav” received a great response and in just 48 hours, GST benefits worth crores of rupees were delivered to customers. Significantly, efforts to increase domestic demand and GST reform have been announced at a time when India’s economic speed remains above six percent.

On the other hand, the pressure on India is also increasing globally. The US has not only imposed a base tariff 25 percent but has also applied an additional 25 percent penalty tariff due to purchasing oil from Russia. This step has been taken by the Trump administration in an attempt to stop Ukraine War. In this way, on the one hand the government is promoting domestic consumption and festive purchases through GST reforms, on the other hand, India is facing American tariff on the international front.

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The new GST Rates implemented in the country from the first day of Navratri have given great relief to the general public. Describing it as a “savings festival”, Prime Minister Narendra Modi said that this will save the countrymen ₹ 2.5 lakh crore annually. Earlier, where relief in income tax was limited to middle class, now this benefit will reach poor and new middle class. FMCG Sector has got the biggest advantage. Now GST has been reduced to just 5% on oil, soap, shampoo, toothpaste and baby products. This will make the monthly Budget of families directly lighter. Electronics like AC, TV, Fridge and Washing Machine have now come in 18% GST Slab instead of 28%-that is, now these goods will also be found cheap. Now there will be no GST on Term Plan, Ulip, Endowment, Health Insurance and Senior Citizen Plans, which has made it even more beneficial to take these plans, although the tax has been increased by 40% Has been done.