India’s GST revenue for November saw a small increase, with the Centre reporting a gross collection of Rs 1.70 lakh crore for the month. This amount is a 0.7 % rise from the Rs 1.69 lakh crore collected in November last year. It indicates steady demand for consumption, even as the overall economic environment remains mixed.
The latest data, released as provisional government figures, shows that while monthly growth has been slow, the year so far continues to show strong momentum. Between April and November 2025, gross GST revenue increased to Rs 14.75 lakh crore, reflecting an annual growth of 8.9 %.
India’s GST revenues rise to Rs 1.70 lakh crore
Officials noted that the November data represent the first full month after recent rate changes. This makes it an important indicator of underlying consumption. Net GST revenue for the month was Rs 1.52 lakh crore, up 1.3 % from a year ago. This growth came from stable inflows in services, travel, and retail sectors.
On a cumulative level, net revenue has reached Rs 12.79 lakh crore for April to November, showing a 7.3 % increase from last year.
Despite the strong overall figure, domestic GST collections dipped slightly. Gross domestic revenue totalled Rs 1.24 lakh crore, a 2.3 % decline compared to last year. Officials linked this to lower IGST inflows from domestic transactions and uneven consumption trends in various sectors.
November refunds reduce by 4%
Refunds also played a role in the lower domestic figure. Total refunds for November reduce by 4 % to Rs 18,196 crore. Export refunds increased by 3.5 %, while domestic refunds fell by 12 %. This suggests a sharp correction in input-credit adjustments by companies.
India’s GST from imports remained strong. Gross import revenue rose by 10.2 % to Rs 45,976 crore, showing ongoing demand from abroad, especially in machinery, electronics, and industrial inputs. The increase in import-related GST helped offset the slowdown in domestic revenue.
The compensation cess, which still acts as a temporary measure to aid state finances, dropped significantly. Net cess revenue fell to Rs 4,006 crore in November from Rs 12,950 crore last year, a 69 % decrease, as many arrears have been settled.
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