In second full month of GST 2.0, net collections increase 2.2%

Net collections increase 2.2%

- VIKAS DHOOT

Net revenues from the goods and services tax (GST) inched up 2.2 per cent year-on-year in December 2025 to ₹1.45 trillion, without factoring in GST compensation cess receipts, marking the lowest receipts from the indirect tax since December 2024.

Sequentially, the net GST revenues in December, pertaining to transactions undertaken in November — the second full month of the restructured Goods and Services Tax (GST) regime — were 4.3 per cent lower than November's receipts, which in turn were 6.1 per cent lower month-on-month.

The GST rate structure was revamped for several items with effect from September 22, 2025. Gross GST revenues, prior to refunds and independent of cess receipts, rose at a three-month high pace of 6.1 per cent to nearly ₹1.75 trillion, significantly higher than the meagre 0.7 per cent uptick recorded a month earlier. Overall revenues were 2.5 per cent higher than November 2025, compared to a sequential decline of 9.5 per cent recorded that month.