November GST Revenues to Bounce Back Despite Recent Rate Cuts

Infographic showing a rising graph with dollar bills and coins, indicating an expected increase in GST collections.

India’s GST collections are expected to rebound strongly in November, with revenue growth likely to return to around 10%, pushing monthly receipts to nearly ₹2 trillion. This recovery is projected despite the impact of the recent September rate cuts, as strong demand and an expanding tax base continue to support revenue. Earlier, GST growth averaged 9.8% in April–September but had slowed to 4.6% in October.