20 states see decline in GST collections for October
pre-market1 source ↓written by the desknot a recommendation
- reported a dip
- 20 states
- grew by only
- 4.6%
- collections up just
- 2%
- saw declines
- 17%
- 15%
In October 2025, 20 states reported a dip in GST collections amid the transition to the GST 2.0 rate structure. Gross GST revenue grew by only 4.6%, with State GST collections up just 2%. Major states like Himachal Pradesh and Jharkhand saw declines of 17% and 15%, respectively, indicating a significant slowdown in economic activity.
This contraction may impact state budgets and spending, potentially influencing market sentiment in sectors reliant on government funding.
Not investment advice. For informational purposes only.