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GST Revenue Rises Despite Tax Cuts Impacting Demand

12/2/2025

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Story summary
  • In November 2025, gross goods and services tax (GST) rose 0.7% year over year to 1.70 trillion rupees, while revenue including cess fell 4.2%.
  • The data reflect October sales after tax cuts on various consumer items aimed at boosting demand.
  • November 2025 marks the first month fully affected by the tax reductions initiated on September 22.
  • After refunds, net tax collections were 1.52 trillion rupees, up 1.3% from November 2024.