Published on Jan 3, 2026
Current Affairs
Goods and Services Tax (GST)
Goods and Services Tax (GST)

♦ The gross Goods and Services Tax (GST) collections for December 2025 were at Rs.1.75 lakh crore. The collection rose 6.1% against Rs.1.64 lakh crore in December 2024.  Local GST revenue rose 1.2% year-on-year to Rs.1.22 lakh crore. GST revenue from imports rose 19.7% year-on-year to Rs.51,977 crore. GST refunds were up 31% year-on-year at Rs.28,980 crore. Net GST revenue rose 2.2% year-on-year to Rs.1.45 lakh crore. GST compension cess fell 64.69% year-on-year to Rs.4,238 crore. Gross GST collection rose 6.1% year-on-year to Rs.1.74 lakh crore.

♦ On 22 September 2025, the Narendra Modi government cut GST rate on soaps to small cars, while doing away with the compensation cess altogether. That made hundreds of items cheaper but reduced the monthly revenue for the government exchequer.