GST mop-up fourth highest ever but red flags in laggard states

The Goods and Services Tax revenue in November grossed over ₹1.82 lakh crore, the fourth highest monthly collection ever that also crossed the ₹1.80 lakh crore mark for the fifth time in 88 months since July 2017, despite major states such as Andhra Pradesh, Rajasthan and Chhattisgarh showing a dip in growth. The goods and services tax revenue in November grossed over ₹ 1.82 lakh crore, the fourth highest monthly collection ever. Gross GST revenue collection in November increased by 8.5% to ₹1,82,269 crore compared to ₹1,67,929 crore collected in the same month of the previous year, while the net collection after refunds saw an 11.1% jump at ₹1,63,010 crore as against ₹1,46,786 crore, due to strong domestic business activity as compared to external sector growth. “The domestic GST revenue growth of 10% plus in FY25 seems to support the GDP data which indicates an increase in domestic consumption… The projected GDP growth of 7% in FY25 augurs well for GST collections in the remaining four months of the current fiscal year, considering the fact that the collections in the first 8 months of FY25 have exceeded those of FY25 by more than ₹1 lakh crore,” Mani said.