Goa’s GST Collections Dip 3% in October Despite Strong Year-to-Date Growth

By | November 5, 2025
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Goa’s GST Collections Dip 3% in October Despite Strong Year-to-Date Growth

 

Issue: To analyze the revenue performance of Goa’s Goods and Services Tax (GST) collections in October 2025, noting the marginal monthly decline despite strong cumulative growth for the financial year and the onset of the festive/tourism season.

Facts:

  • Goa’s GST revenue saw a marginal decline of 3% in October 2025 compared to October 2024.
  • Total collections for October 2025 were ₹545 crore, which was ₹14 crore less than the ₹559 crore collected in October 2024.
  • The decline occurred despite the onset of the festive and tourism season.

Decision:

Goa’s GST collections experienced a temporary, marginal monthly dip in October, but this decline did not affect the state’s overall revenue trajectory for the fiscal year.

Key TakeDowns:

  • Resilient Year-to-Date Growth: Despite the October dip, Goa achieved a 3% Year-on-Year (Y-o-Y) increase in cumulative GST collection between April and October 2025, collecting a total of ₹4,153 crore in GST revenue.
  • Collection Breakdown: Of the cumulative collection, ₹1,718 crore was collected through State GST formations, while ₹2,435 crore came under Central formations.
  • Muted Surge: The monthly dip suggests that the GST rate rationalization (which lowers the tax base) and the early festive season did not translate into the expected surge in revenue for this specific month, but the state’s broader GST performance remains resilient.

    Source :- Goemker Ponn