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India's gross GST collections slip to Rs 1.70 lakh crore in November 2025
Dec-02-2025

The government data showed that India's gross Goods and Services Tax (GST) collections slipped to a year-low of Rs 1.70 lakh crore in November 2025, growing at a meagre 0.7 per cent year-on-year on a base lowered by the exclusion of proceeds from cess on sin and luxury goods. Gross GST collection was over Rs 1.69 lakh crore in November 2024. Month-on-month, the collections were lower than the Rs 1.96 lakh crore in October 2025. The October collections include compensation cess. Out of the Rs 1.70 lakh crore, CGST comprised Rs 34,843 crore, while Rs 42,522 crore was SGST, and Rs 92,910 crore was IGST. 

Gross domestic revenue, which is an indicator of tax revenues from domestic sales, declined 2.3 per cent to over Rs 1.24 lakh crore in November. Gross import revenues grew 10.2 per cent to Rs 45,976 crore. Refunds dipped 4 per cent to Rs 18,196 crore during November 2025. After adjusting refunds, net GST revenues in November stood at Rs 1.52 lakh crore, a 1.3 per cent growth year-on-year.  Of the Rs 1.52 lakh crore net GST revenue, CGST comprised Rs 32,664 crore, while SGST was Rs 39,805 crore, and IGST was Rs 79,611 crore.

While tepid collections were attributed to a major reduction in tax rates on most goods and services, the silver lining was the spurt in consumption across the economy, as evident from the rise in turnover of most companies, giving hope of a multiplier effect of the rate cut in the medium term. In a major reform aimed at spurring domestic consumption and fireproofing the economy from global trade winds, the government had rationalised GST tax rates to just two rates of 5 per cent and 18 per cent with effect from September 22, 2025, from 5, 12, 18 and 28 per cent previously. A separate 40 per cent rate has been fixed on ultra-luxury and demerit goods. The consumption rise, due to most products being brought into the lower tax bracket and festival buying, helped prop up GST collection in October. November was considered a test month to see how deep the consumption revival was.
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