India's GST collections reach ₹1.70 lakh crore in November

India’s Goods and Services Tax (GST) collections for November 2025 stood at ₹1.70 lakh crore, sources told CNBC TV18.

The November collections are not directly comparable with previous months due to structural changes in the GST regime. These include the removal of compensation cess from core GST, the scrapping of the 12% tax slab, and other rate rationalisation measures, which have altered the taxable base.

"The Gross domestic GST collections for the month of November 2025 (which pertain to supplies made in the month of October, 2025) have shown a decline of 2.3% compared with the same numbers for the month of November 2024. This data is for the first full month after the GST rate reduction. This drop is clearly due to the effect of GST rate reductions coming into effect from 22 September 2025. It was hoped that the increase in volume of purchases due to increased affordability from the rate reduction, that too, in the festive period of Diwali which traditionally sees significantly high demand, would offset the drop in revenue due to GST rate reductions, but instead, there is a reduction in the Gross domestic GST Collections," Karthik Mani, Partner- Indirect tax at BDO India, said.

Gross domestic GST revenue fell 2.3% year-on-year to ₹1.24 lakh crore, with CGST at ₹34,843 crore, SGST at ₹42,522 crore, and IGST at ₹46,934 crore.

Meanwhile, import-related IGST rose 10.2% to ₹45,976 crore, taking total gross GST revenue to ₹1,70,276 crore, up 0.7% from November 2024.

Netting out refunds, which declined 4% to ₹18,196 crore, net GST revenue was ₹1,52,079 crore, showing a modest 1.3% growth over last year.

Net domestic revenue dipped 1.5% to ₹1,15,558 crore, while net collections from exports and imports grew 11.6% to ₹36,521 crore. Total net GST revenue for April-November 2025 rose 7.3% to ₹12.79 lakh crore.

Compensation cess collections showed a steep decline, with domestic cess falling to ₹4,737 crore from ₹12,398 crore in November 2024, and net cess revenue dropping to ₹4,006 crore.

State-wise, SGST growth was uneven. Kerala (+7%), Maharashtra (+3%), and Bihar (+1%) showed positive growth, while Himachal Pradesh (-15%), Mizoram (-41%), and Jammu & Kashmir (-14%) reported the sharpest contractions. Rajasthan’s post-settlement SGST declined 4% to ₹3,954 crore, Uttar Pradesh fell 4% to ₹7,667 crore, and Gujarat saw modest growth of 1% to ₹6,723 crore. Cumulative SGST post-settlement for all states rose 6% year-on-year to ₹6.78 lakh crore.