Gross and Net GST revenue collections for the month of Dec, 2025

An illustration depicting a GST advisory meeting, featuring three seated figures around a table with a calendar icon.

Jan 1st, 2026

Please click on the link below to view the gross and net GST revenue collections for the month of Dec, 2025.

https://tutorial.gst.gov.in/downloads/news/monthly_gst_data_publishing_dec_2025_final_01jan2026

Summary & Insights

Overall GST Performance – Snapshot

  • Gross GST Collection (Dec 2025): ₹1,74,550 crore
    → Year-on-Year (YoY) growth: 6.1%
  • Cumulative Gross GST (Apr–Dec 2025): ₹16.50 lakh crore
    → YoY growth: 8.6%

Insight:
GST collections continue to demonstrate structural resilience, supported by compliance stability and steady consumption, despite higher refund outflows.

Revenue Composition – Domestic vs Imports

Domestic GST

  • ₹1,22,574 crore (Dec 2025)
  • YoY growth: 1.2%

GST on Imports

  • ₹51,977 crore (Dec 2025)
  • YoY growth: 19.7%

Insight:
Import-related IGST is emerging as a key growth driver, significantly outperforming domestic GST—indicating robust imports and inter-State trade activity.

Tax-wise Contribution Trends

  • IGST remains the largest contributor to gross GST revenue
  • CGST and SGST show moderate, stable growth
  • Inter-State supplies and imports continue to dominate incremental collections

Insight:
The GST ecosystem is increasingly IGST-driven, reinforcing the importance of efficient settlement mechanisms between Centre and States.

Refunds – Scale and Impact

  • Total GST Refunds (Dec 2025): ₹28,980 crore
    → YoY growth: 30.9%
  • Domestic Refunds:
    → Growth of 62% YoY
  • Export-related IGST Refunds:
    → Largely stable with marginal variation

Insight:
Higher refunds reflect:

  • Faster processing and system maturity
  • Increased export turnover
  • Improved liquidity support for taxpayers
    While positive for businesses, this has a temporary dampening effect on net revenues.

Net GST Revenue Position

  • Net GST Revenue (Dec 2025): ₹1,45,570 crore
    → YoY growth: 2.2%
  • Net Domestic GST:
    → Decline of 5.1% YoY
  • Net GST from Imports:
    → Growth of 26.8% YoY

Insight:
The divergence between gross and net collections highlights that refund intensity—not revenue weakness—is moderating net growth.

Compensation Cess – Transition Phase

  • Net Compensation Cess (Dec 2025): ₹4,238 crore
    (Dec 2024: ₹12,003 crore)

Insight:
The sharp decline confirms that compensation cess is in its sunset phase, consistent with the winding down of compensation-related liabilities.

State-wise Revenue Performance – Key Trend

Strong Performing States (Post-settlement, Dec 2025)

  • Maharashtra: ₹16,140 crore (+15%)
  • Gujarat: ₹6,351 crore (+12%)
  • Haryana: ₹3,629 crore (+16%)
  • Tamil Nadu: ₹5,992 crore (+8%)
  • Karnataka: ₹6,716 crore (+5%)

States Showing Moderation / Decline

  • Delhi, Punjab, Odisha, Chhattisgarh, Ladakh

Insight:
Consumption-led and industrialized states continue to anchor GST growth, while resource-based and smaller regions show volatility, reflecting sectoral and base-effect pressures.

Cumulative Position – Centre & States (Apr–Dec 2025)

  • Total Net GST Revenue: ₹14.25 lakh crore (+6.8%)
  • Post-settlement SGST to States/UTs: ₹7.58 lakh crore (+6%)

Insight:
Revenue sharing remains stable, reinforcing fiscal predictability for States, despite month-on-month fluctuations.

Key Takeaways & Strategic Insights

  1. GST growth remains broad-based and sustainable
  2. Imports and IGST are cushioning domestic softness
  3. Refund efficiency has materially improved
  4. Net revenue pressure is temporary and policy-driven
  5. Compensation cess dependency is steadily reducing
  6. State-wise divergence reflects economic concentration patterns

Disclaimer

The figures are provisional and subject to final reconciliation.
For budget planning, compliance strategy, or litigation impact analysis, taxpayers should seek guidance from their Chartered Accountant or GST expert.