Gross GST collections rose 6.1% to over Rs 1.74 lakh crore in December 2025. According to government data released on Thursday, Gross GST collections for FY26 so far (April–December) reached Rs 1.64 lakh crore, up 8.6% from the corresponding period last year.
GST collected from imports jumped sharply to Rs 51,977 crore in December, registering a growth of 19.7% compared to the Rs 43,438 crore in December 2024. In contrast, gross domestic GST revenue grew only 1.2% year-on-year(YoY) to Rs Rs 1.23 lakh crore, indicating softer momentum in local consumption.
Net GST revenue grows modestly
Refunds were up 31% to Rs 28,980 crore in December. After adjusting for refunds, net GST revenue for December stood at Rs 1.45 lakh crore, up 2.2% year-on-year. Net domestic GST revenue declined 5.1%, but this was offset by a strong 26.8% rise in net GST collections from imports.
For FY26 so far, net GST revenue reached Rs 14,25,006 crore, reflecting a growth of 6.8%.
Compensation cess collections fall
Cess collection in December dipped to Rs 4,238 crore, as against Rs 12,003 crore collected in December 2024. Effective September 22, 2025, GST rates on about 375 items were slashed, making goods cheaper. Also, a compensation cess levy is levied only on tobacco and related products, as against luxury, sin and demerit goods earlier. The lowering of GST rates has impacted revenue collections.
State GST settlements rise 6% in December
Post-settlement GST revenue for states and Union Territories rose 6% year-on-year in December with total revenues settled to states and UTs increasing to Rs 79,584 crore, compared with Rs 75,355 crore in December 2024.
Maharashtra remained the biggest beneficiary, with post-settlement GST collections rising 15% YoY to Rs 16,140 crore in December. Gujarat’s post-settlement revenue increased 12% to Rs 6,351 crore, while Karnataka reported a 5% rise to Rs 6,716 crore. Tamil Nadu saw post-settlement GST collections grow 8% to Rs 5,992 crore, and Uttar Pradesh recorded a 5% increase to Rs 6,671 crore during the month.