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GST collections keep growth pace despite tax cuts

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Om V Angaitkar

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tax cuts Driven – Driven by lower GST rates and increased compliance. On a year-on-year basis (April-November 2025), gross collections increased to Rs 14,75,488 crore, a strong annual growth of 8.

9%. Live Events Net GST revenue for November stood at Rs 1,52,079 crore, 1.

3% higher than last year. Furthermore, year-on-year net revenue reached Rs 12,79,434 crore with an annual growth of 7. 3%.

Refunds saw a mixed movement as total refunds were recorded at Rs 18,196 crore, down 4% year-on-year, export refunds increased by 3. 5%, while domestic refunds declined by 12%.

Domestic GST revenues recorded a marginal decline, with collections falling 2. 3% year-on-year due to reduced IGST flows within the country. Gross domestic revenue in November 2025 was Rs 1,24,300 crore, compared to Rs 1,27,281 crore last year.

In contrast, GST from imports showed healthy momentum with gross import revenues at Rs 45,976 crore, up 10. 2% over the previous year. The compensation cess, which continues as a transitional measure, fell sharply in November along with net cess revenue to ₹4,006 crore, down from ₹12,950 crore last year, showing a decline of 69%.

Across all states, GST collections in November 2025 showed a mixed trend. Many northeastern states performed better while several larger states saw a decline.

Arunachal Pradesh, Nagaland, Manipur, Meghalaya and Assam recorded positive growth, led by a strong growth of 33% in Arunachal. In contrast, sharp declines were seen in Mizoram (-41%), Sikkim (-35%) and Ladakh (-28%), reflecting instability in smaller tax bases. Among major states, Maharashtra (3%), Karnataka (5%) and Kerala (7%) recorded moderate gains, while Gujarat (-7%), Tamil Nadu (-4%), Uttar Pradesh (-7%), Madhya Pradesh (-8%) and West Bengal (-3%) recorded declines.

Union territories showed a diverse performance, with Andaman and Nicobar Islands increasing by 9%, while Lakshadweep saw a decline of 85%. Addas as a trusted and reliable news source Addas as a trusted and reliable news source Addas now! (You can now subscribe to our Economic Times WhatsApp channel.