GST Revenue Surges: November 2025 Sees 8.9% YoY Growth - Key Highlights and Detailed Analysis Inside

India's Goods and Services Tax (GST) collections demonstrated a moderate increase in November 2025, according to provisional data released by the government. The total gross GST revenue reached ₹1,70,276 crore, marking a 0.7% increase compared to the ₹1,69,016 crore collected in November 2024.

While the year-on-year growth was relatively modest for the month, the cumulative GST collections from April to November 2025 showcased a robust performance. Gross collections during this period totaled ₹14,75,488 crore, reflecting a strong 8.9% annual growth.

The net GST revenue for November stood at ₹1,52,079 crore, representing a 1.3% increase compared to the previous year. Furthermore, the year-to-date net revenue reached ₹12,79,434 crore, indicating an annual growth of 7.3%.

GST from imports exhibited positive momentum, with gross import revenue reaching ₹45,976 crore, up by 10.2% compared to the previous year. However, domestic GST revenue experienced a slight decline, with collections falling by 2.3% year-on-year, primarily driven by reduced IGST inflows within the country. Gross domestic revenue amounted to ₹1,24,300 crore in November 2025, compared to ₹1,27,281 crore in the corresponding period last year. The gross GST collections for November stood at ₹1,7 trillion due to lower tax rates.

Refunds saw mixed movement as the total refunds was recorded at ₹18,196 crore, down 4% YoY, the export refunds rose 3.5%, while domestic refunds dropped 12%.

The compensation cess, which remains a transitional measure, experienced a sharp decline, with net cess revenue at ₹4,006 crore in November, a significant decrease from ₹12,950 crore in the previous year, marking a 69% decline.

Across different states, GST collections in November 2025 displayed varied trends. Several northeastern states outperformed, while numerous larger states experienced declines. Arunachal Pradesh, Nagaland, Manipur, Meghalaya, and Assam recorded positive growth, led by Arunachal Pradesh's impressive 33% increase. In contrast, significant drops were observed in Mizoram (-41%), Sikkim (-35%), and Ladakh (-28%), reflecting the volatility in smaller tax bases.


Written By
Aarav Verma is a political and business correspondent who connects economic policies with their social and cultural implications. His journalism is marked by balanced commentary, credible sourcing, and contextual depth. Aarav’s reporting brings clarity to fast-moving developments in business and governance. He believes impactful journalism starts with informed curiosity.
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