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  1. GST collections rise marginally to ₹1.70 lakh crore in November

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GST collections rise marginally to ₹1.70 lakh crore in November

Upstox

1 min read | Updated on December 01, 2025, 15:21 IST

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SUMMARY

GST revenue in November inched up 0.7% to ₹1.70 lakh crore, as a sharp rise in import-related collections offset a decline in domestic GST receipts.

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Several major states saw weaker SGST collections, though cumulative GST receipts for April–November remained robust.

India’s gross Goods and Services Tax (GST) revenue in November rose 0.7% to ₹1,70,276 crore, provisional data showed, a modest year-on-year increase driven largely by higher collections from imports.

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The total GST revenue for November comprised ₹34,843 crore CGST, ₹42,522 crore SGST, and ₹92,910 crore IGST, including taxes on imports. In comparison, gross GST revenue stood at ₹1,69,016 crore in November 2024.

Domestic GST revenue, excluding imports, fell 2.3% to ₹1,24,300 crore, while GST collected on imports rose 10.2% to ₹45,976 crore, the data showed.

After accounting for refunds, net GST revenue for November stood at ₹1,52,079 crore, up 1.3% over the same month last year. Domestic net revenue declined 1.5%, but this was offset by an 11.6% rise in net revenue from imports.

Maharashtra, Karnataka, Kerala, and Odisha reported positive growth in pre-settlement SGST collections, while Uttar Pradesh, Gujarat, Tamil Nadu, Madhya Pradesh, and Haryana recorded declines. Overall SGST collections before settlement dipped 1% to ₹42,522 crore.

The figures are provisional and may be revised after final reconciliation, the finance ministry said.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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