Gross Goods and Services Tax (GST) revenue in December 2025 reached over Rs 1.74 lakh crore, a 6.1% increase year-on-year. This growth occurred despite significant GST rate cuts implemented in September 2025, which impacted domestic transaction revenues. Collections from imported goods saw a substantial rise of 19.7%. Refunds increased by 31%, leading to net GST revenues of over Rs 1.45 lakh crore, a 2.2% year-on-year increase. Experts note that volume growth is compensating for lower rates post-rationalization.