India’s gross GST collections moderated in November 2025, reflecting the impact of the September rationalisation that lowered tax rates on hundreds of goods.
According to provisional Finance Ministry data released on 1 December, GST revenue rose just 0.7% year-on-year to ₹1,70,276 crore, significantly lower than October’s ₹1.95 lakh crore. However, collections for April–November 2025 remain healthy, up 8.9% annually at ₹14.75 lakh crore.
The dip follows the sweeping reforms announced on 22 September, when the government reduced the number of GST slabs from four to two- 5% and 18% while introducing a 40% rate for sin and luxury goods and eliminating the compensation cess.
With GST on most items lowered, revenue compression in the short term was expected.Refund patterns also shifted: overall refunds fell 4% year-on-year, with export refunds rising 3.5% but domestic refunds declining 12%.
GST from imports grew a strong 10.2% to ₹45,976 crore, while compensation cess collections plunged 69%.
Statewise trends were uneven:
- Arunachal Pradesh: +33%
- Nagaland, Manipur, Meghalaya, Assam: Positive growth
- Mizoram: –41%
- Sikkim: –35%
- Ladakh: –28%
- Maharashtra: +3%
- Karnataka: +5%
- Kerala: +7%
- Gujarat: –7%
- Tamil Nadu: –4%
- Uttar Pradesh: –7%
- Madhya Pradesh: –8%
- West Bengal: –3%
Despite softer revenues, the Centre has continued the timely release of GST refunds, particularly for exporters and inverted duty structure cases.
