November Gross GST Collection Up by 0.7% To ₹1.7 Lakh Crore

India’s net GST collection for November increased to ₹1.50 Lakh crore, marking a 1.3% year-on-year rise.  

The modest surge was largely attributed to a 4% decline in refunds issued during the month, despite marginal growth in gross GST collections that reached ₹1,70,000 crore. Gross GST collection was up by a modest 0.7%.  

Net GST Rises To ₹1.5 Lakh Crore After Decline in Refunds 

In November, the government reported a net GST collection of ₹1,50,000 crore, reflecting a 1.3% rise compared to the same period last year. This increase came even as gross collections only saw a rise of 0.7% to ₹1,70,000 crore.  

The primary contributor to the stronger net figure was a 4% reduction in taxpayer refunds relative to last year, reducing the outflow and increasing the retained revenue. 

This marks a continued trend of relatively stable GST receipts, underpinned by consistent tax compliance and broad-based consumption through the festive season.  

Impact of Fewer Refunds on Monthly Performance 

The 4% fall in refunds played a pivotal role in keeping net GST collections elevated even though overall gross receipts showed limited growth.  

Lower refunds, often driven by more stringent checks and improved invoice matching, imply greater retention of collected taxes by the government. 

Read More: Government Set to Introduce New GST Bills on Pan Masala and Tobacco! 

Comparison with Previous Months and Fiscal Implications 

November’s net GST receipts of ₹1,50,000 crore remain consistent with current fiscal performance. While the month-on-month variation is modest, the year-on-year consistency highlights stability in the GST regime.  

Ongoing improvements in anti-evasion efforts, broader tax base, and stricter refund scrutiny appear to be gradually contributing to fiscal robustness. 

Conclusion 

November’s net GST collections touched ₹1,50,000 crore, rising by 1.3% year-on-year mainly due to reduced refunds. Gross receipts stood at ₹1,70,000 crore, up 0.7%. The figures indicate steady performance with administrative efficiency playing a key role in revenue enhancement. 

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