India’s gross GST collections see marginal growth in Nov

Gross Goods and Services Tax (GST) revenue saw less than 1% annualized growth to ₹1.70 lakh crore in November, the first full month after the tax rates were rationalised, with government officials and industry experts saying that the short-term moderation in collections was only to be expected—and pointing out that the fact that the revenue has not fallen on account of a major boost in consumption, which was also expected.

- Rajeev Jayaswal

The November collections were ₹1,70,276 crore, compared to ₹1,69,016 crore in November 2024, and it was the lowest in the first eight months of 2025-26. The lower GST rates kicked in from September 22, and November reflects actual business transactions in October, the first full month after the cuts.

Cess revenue in the month of November fell by over 69% to 4,006 crore as compared to ₹12.950 crore in the same month previous year, according to latest data released by the Union finance ministry on Monday. The GST rate rationalisation also saw removal of the compensation cess on luxury items, except for sin goods like pan masala and tobacco goods.

Gross revenues in the first eight months (April-November 2025) of the current financial year registered around 9% growth to over ₹14.75 lakh crore as compared to ₹13.55 lakh crore in April-November 2024, according to the data.