India's Goods and Services Tax (GST) collections for November 2025 showed marginal overall growth, with stronger performance driven by imports even as domestic revenues softened, according to provisional data released by the finance authorities.
Gross GST Revenue for November 2025
The total gross GST revenue for November 2025 stood at Rs 1,70,276 crore, a 0.7% increase compared to Rs 1,69,016 crore in November 2024. The breakup shows mixed trends:
Domestic Revenues Dip Slightly
Gross domestic GST revenue fell 2.3%, from Rs 1,27,281 crore to Rs 1,24,300 crore.
Segment-wise domestic collections:
- CGST: Rs 34,843 crore (up from Rs 34,141 crore)
- SGST: Rs 42,522 crore (slightly lower than Rs 43,047 crore)
- Domestic IGST: Rs 46,934 crore (down from Rs 50,093 crore)
Import Revenues Drive Growth
- IGST from imports increased sharply by 10.2%, rising to Rs 45,976 crore from Rs 41,736 crore.
- Total gross import revenue increased by 13.1% on a year-to-date basis.
With imports showing strong momentum, they helped offset domestic slowdown, stabilizing the monthly GST performance.
Net GST Revenue Shows Moderate Growth
After adjusting for refunds, Net GST Revenue for November 2025 reached Rs 1,52,079 crore, showing a growth of 1.3% over the previous year's Rs 1,50,062 crore.
A deeper breakdown shows:
Net Domestic Revenue
- Declined by 1.5% year-on-year.
- November 2025: Rs 1,15,558 crore
- November 2024: Rs 1,17,345 crore
Net Imports/Exports Revenue
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Jumped 11.6%, rising from Rs 32,717 crore to Rs 36,521 crore.
Year-to-Date Performance (Apr-Nov 2025)
India's cumulative GST performance for April-November 2025 highlights robust growth:
Gross GST Revenue:
- 2025-26: Rs 14,75,488 crore
- 2024-25: Rs 13,55,242 crore
- Growth: 8.9%
Net GST Revenue:
- 2025-26: Rs 12,79,434 crore
- 2024-25: Rs 11,92,455 crore
- Growth: 7.3%
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Domestic refunds increased sharply by 26.5%, indicating faster processing of taxpayer claims.
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Export refunds climbed 13.5%, reflecting heightened export activity.
State-Wise Highlights: November 2025
State-level GST performance revealed divergent trends, with some states reporting strong growth and others experiencing contraction.
States Showing Positive Growth (Pre-Settlement SGST)
- Arunachal Pradesh: +33%
- Nagaland: +24%
- Manipur: +13%
- Meghalaya: +10%
- Assam: +3%
- Maharashtra: +3%
- Karnataka: +5%
- Kerala: +7%
States with Decline
- Uttarakhand: -15%
- Himachal Pradesh: -15%
- Sikkim: -35%
- Jharkhand: -2%
- Tamil Nadu: -4%
- Delhi: -3%
Post-Settlement SGST Performance
After IGST settlement, many states saw improved revenue positions. Noteworthy performers (Apr-Nov 2025 vs. Apr-Nov 2024):
- Haryana: +21%
- Assam: +21%
- Punjab: +10%
- Maharashtra: +13%
- Gujarat: +9%
- Karnataka: +4%
Cess Collections
Cess revenue dropped significantly in November 2025:
- Net Cess Revenue: Rs 4,006 crore, down from Rs 12,950 crore in Nov 2024.
- Year-to-date cess revenue: Rs 84,144 crore, lower than Rs 98,162 crore last year.
The report reiterates that compensation cess continues only as a transitory measure until all loan and interest liabilities from the GST compensation period are fully settled.
Centre vs State Collections: Mixed Trends
The state-wise revenue detailed in Table 3 shows a clear expansion in GSTIN registrations - growing from 66.8 lakh to over 91.5 lakh by November 2025 - signaling continued widening of the taxpayer base.
Several major states reported healthy year-on-year growth in combined Centre + State GST collections:
- Maharashtra: Rs 2.52 lakh crore (+6.9%)
- Karnataka: Rs 1.15 lakh crore (+9.7%)
- Gujarat: Rs 93,828 crore (+3.3%)
- Tamil Nadu: Rs 92,486 crore (+7.3%)
Conclusion
November 2025 GST data shows:
- Steady overall collection, despite slight domestic slowdown.
- Imports driving GST growth, reflecting resilient trade activity.
- Healthy year-to-date growth of nearly 9%, keeping GST revenues on track.
- Varied state-wise performance, with northeastern states and industrial hubs emerging as strong contributors.
Official copy of the notification has been attached
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