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GST revenue up 9% in Sep despite headwinds
Hindustan Times Chandigarh
|October 02, 2025
Experts say GST 2.0 rate rationalization to impact short-term revenue collections
Gross Goods and Services Tax revenue in September crossed ₹1.89 lakh crore— the seventh highest monthly collection since the GST regime was launched in July 2017— posting a 9% annualised increase despite strong global headwinds.
Net revenue saw a modest 5% growth to ₹1.60 lakh crore, compared to ₹1.53 lakh crore in the same month last year because of higher refunds, according to the government data released on Wednesday.
Total refunds in September jumped 40.1% to ₹28,657 crore as compared to ₹20,453 crore in September last year, which signified efficiency in tax administration leading to ease of business. “The government's focus on easing working capital blockage is commendable,” said Saurabh Agarwal, tax partner at consultancy firm EY.
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