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GST Collections Hit Rs 1.70 Lakh Crore in November Despite Rate Cuts

India's GST collections for November have shown resilience, reaching Rs 1.70 lakh crore despite recent rate rationalisation efforts. This marks a 0.7% increase compared to the same month last year. A key driver was a strong 10.2% surge in import-related tax revenue. The consistent performance, with collections staying above Rs 1.8 lakh crore for ten straight months, aligns with India's robust GDP growth.

Key Points: India's November GST Revenue Reaches Rs 1.70 Lakh Crore

  • November GST revenue grew 0.7% year-on-year to Rs 1.70 lakh crore
  • Import-related IGST saw a significant 10.2% increase to Rs 45,976 crore
  • Net GST revenue for April-November period rose 7.3% to Rs 12.79 lakh crore
  • Collections have remained above Rs 1.8 lakh crore for ten consecutive months
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GST collections again up in Nov at Rs 1.70 lakh crore despite rate rationalisation

India's GST collections for November rise to Rs 1.70 lakh crore, marking a 0.7% YoY growth despite recent rate rationalisation, driven by strong imports and policy reforms.

"The benefits of recent GST cuts have been extended to consumers in the festive season, as consumption is one of the key engines for growth. - Government Statement"

New Delhi, Dec 1

India's Gross Goods and Services tax (GST) collections reached Rs 1, 70, 276 crore in November, up 0.7 per cent year-on-year, driven by lower rates and overall policy reforms, the official data showed on Monday.

Total net GST revenue was up 1.3 per cent at Rs 1.52 lakh crore last month.

Notably, import-related IGST went up 10.2 per cent to Rs 45,976 crore, taking total gross GST revenue to Rs 1,70,276 crore, up 0.7 per cent from November last year.

Net collections from exports and imports grew 11.6 per cent to Rs 36,521 crore.

Total net GST revenue for the April-November period this fiscal went up 7.3 per cent to Rs 12.79 lakh crore.

Earlier, despite rate rationalisation, the GST collections rose 4.6 per cent (year-on-year) in the festive month of October at about Rs 1.96 lakh crore. October also made it the 10th consecutive month that revenues remained above the Rs 1.8 lakh crore mark.

As per the official data, the GST collections went up 9 per cent to about Rs 13.89 lakh crore in the April-October period this fiscal, compared to Rs 12.74 lakh crore in the same period last fiscal (FY25).

October also saw robust consumer demand after the September 22 rate cuts towards broader tax and economic reforms.

The government said that the benefits of recent GST cuts have been extended to consumers in the festive season, as consumption is one of the key engines for growth.

Meanwhile, India has consolidated its position as the world's fastest-growing large economy with the GDP growth rate surging to 8.2 per cent in the July-September quarter, while the world faces the headwinds of uncertainty and slowing growth.

Notably, this is not a one-quarter phenomenon as the 8.2 per cent surge comes on the back of a robust 7.8 per cent growth in the first quarter to average 8 per cent GDP growth for the first half of 2025-26.

- IANS

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Reader Comments

P
Priya S
Rs 1.70 lakh crore is a healthy number. The 10.2% jump in import-related IGST is interesting – shows domestic demand for foreign goods remains strong. Hope this revenue is being used well for infrastructure and social schemes.
R
Rohit P
Numbers look good on paper, but as a small business owner, the compliance burden is still high. Filing returns is a monthly headache. Simplification of the process would be a bigger reform than just rate cuts.
S
Sarah B
Connecting the dots: strong GST collections + 8.2% GDP growth = a robust economy. This is positive news amidst global uncertainty. The focus on consumption as a growth engine makes sense for a domestic market like India's.
V
Vikram M
Tenth month above Rs 1.8 lakh crore! That's consistency. The festive boost in October and sustained November numbers show consumer confidence. Hope the benefits of lower rates are truly reaching the common man at the kirana store.
K
Karthik V
While the headline number is positive, the year-on-year growth of 0.7% in November seems modest. Perhaps it's a post-festive season dip. The real test will be the December and January numbers. The overall fiscal trend, however, is encouraging.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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