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GST collections hit record high of Rs 2.37 lakh crore in April

Business Today

Business Today · 2m ago

In April 2025, GST collections in India reached a record high of Rs 2.37 lakh crore, marking a 12.6% increase from the previous year. This figure represents the highest monthly collection since the Goods and Services Tax was introduced in 2017, reflecting strong economic activity and increased compliance.

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Related News

Haryana Collects Rs 14,057 Crore GST in April; Rises to 4th Rank

OutlookIndia

OutlookIndia · 2m ago

Haryana Collects Rs 14,057 Crore GST in April; Rises to 4th Rank

Haryana's GST collection reached Rs 14,057 crore in April 2025, ranking it fourth among Indian states, surpassing Tamil Nadu and Uttar Pradesh. This increase reflects a 15.70% growth in the state's GST revenue, attributed to efficient tax administration and transparent, technology-driven governance. India recorded its highest monthly GST collection of Rs 2.37 lakh crore during the same period. This achievement underscores Haryana's growing economic contribution and resilience in the national revenue framework.

GST collections rise 6.5% YoY to Rs 1.73 lakh crore in September

Money Control

Money Control · 9m ago

GST collections rise 6.5% YoY to Rs 1.73 lakh crore in September

- GST collections in September amounted to Rs 1.73 lakh crore, registering a 6.5% growth compared to the same month last year. - This marks the second consecutive month of single-digit growth and the slowest pace of growth in 39 months. - Average monthly GST collections in the second quarter declined to Rs 1.77 lakh crore from Rs 1.86 lakh crore in the first quarter of FY25. - However, September's collections still exceeded Rs 1.7 lakh crore for the seventh consecutive month. - In the first six months of the year, GST collections reached Rs 10.87 lakh crore, representing a 9.6% increase compared to the same period last year. - Net GST revenues grew by 3.9% to Rs 1.53 lakh crore, as refunds saw a significant surge, particularly for domestic (24.3%) and IGST (39.2%) refunds.

GST collections stay above Rs 2 trillion for second straight month

YourStory

YourStory · 1m ago

GST collections stay above Rs 2 trillion for second straight month

In May 2025, India's gross GST collections exceeded Rs 2 trillion for the second consecutive month, reaching Rs 2.01 lakh crore, marking a 16.4% year-on-year growth. This increase was largely driven by a 25.2% rise in GST revenues from imports, totaling Rs 51,266 crore. Meanwhile, state-level growth varied widely, with some states showing high increases and others lower. Experts suggest the growth may prompt the government to consider rate rationalization.

February GST collections at Rs 1.68 lakh crore, up 12.5% YoY

Money Control

Money Control · 1y ago

February GST collections at Rs 1.68 lakh crore, up 12.5% YoY

India's goods and services tax (GST) collection in February amounted to INR 1.68 lakh crore, a 12.5% increase compared to the same period last year. Although slightly lower than January's collection of INR 1.72 lakh crore, it marks the 12th consecutive month of GST collections exceeding INR 1.5 lakh crore. The average monthly GST collection for the current fiscal year is INR 1.67 lakh crore. The total GST collection for the fiscal year stands at INR 18.40 lakh crore, an 11.7% increase over the previous year.

Equity fund inflows fall 16% to Rs 18,917 crore in April, SIP book tops Rs 20,000 crore for first time

Money Control

Money Control · 1y ago

Equity fund inflows fall 16% to Rs 18,917 crore in April, SIP book tops Rs 20,000 crore for first time

Equity mutual fund inflows in India dipped by 16% to Rs 18,917.08 crore in April, compared to the previous month. Large-cap funds experienced a decrease in investments, while small-cap funds showed an increase after a brief outflow in March. However, the systematic investment plans (SIPs) reached a record high of Rs 20,371 crore, surpassing the Rs 20,000 crore mark for the first time. Overall, the mutual fund industry rebounded strongly, with net inflows totaling Rs 2.39 lakh crore. Debt funds also experienced a recovery, with net investments of Rs 1.90 lakh crore.

GST collections top Rs 2 lakh crore again in May; states show mixed collection trends

Business Today

Business Today · 1m ago

GST collections top Rs 2 lakh crore again in May; states show mixed collection trends

In May 2025, India's GST revenue reached Rs 2.01 lakh crore, marking a 16.4% year-on-year rise. Domestic transactions contributed Rs 1.50 lakh crore, with imports generating Rs 51,266 crore. Central GST was Rs 35,434 crore, State GST Rs 43,902 crore, while Integrated GST was Rs 1.09 lakh crore. States like Maharashtra and Karnataka saw 17-25% increases, whereas Gujarat and Andhra Pradesh had up to 6% growth. Net GST revenue surged 20.4% to Rs 1.74 lakh crore.

GST collection rises by 8.5% to Rs 1.82 lakh Cr in Nov

YourStory

YourStory · 7m ago

GST collection rises by 8.5% to Rs 1.82 lakh Cr in Nov

Gross GST collection in November reached over Rs 1.82 lakh crore, showing an 8.5% increase compared to the same period last year. The central GST collection recorded Rs 34,141 crore, state GST reached Rs 43,047 crore, integrated IGST accounted for Rs 91,828 crore, and cess stood at Rs 13,253 crore. Domestic transactions contributed to a 9.4% growth, while tax on imports rose by approximately 6%. After adjusting for refunds, net GST collection rose by 11% to Rs 1.63 lakh crore.

India's March GST collection second-highest ever at Rs 1.78 lakh crore

Money Control

Money Control · 1y ago

India's March GST collection second-highest ever at Rs 1.78 lakh crore

The finance ministry announced that India's goods and services tax (GST) collection for March 2024 was Rs 1.78 lakh crore, marking a growth of 11.5% compared to the previous year. The total gross GST collection for the fiscal year 2023-24 was Rs 20.18 lakh crore, an increase of 11.7%. The surge was attributed to a significant rise in domestic transactions. The average monthly collection for this fiscal year was Rs 1.68 lakh crore, surpassing the previous year's average. The CGST for March was Rs 34,532 crore, and the SGST was Rs 43,746 crore. The IGST was Rs 87,947 crore, and the cess was Rs 12,259 crore.

Refund surge, slow advance tax drag down India’s net collections

Economic Times

Economic Times · 25d ago

Refund surge, slow advance tax drag down India’s net collections

India's net direct tax collections decreased by 1.39% year-on-year to ₹4.58 lakh crore due to a 58% rise in refunds and subdued growth in advance tax payments. Corporate tax and personal income tax contributed ₹1.72 lakh crore and ₹2.72 lakh crore, respectively. Gross direct tax collections increased by 5% to ₹5.45 lakh crore, but refunds of ₹86,385 crore reduced net collections. Officials expect future quarters to meet budget targets despite global uncertainties.

UPI transactions touch record high of Rs 24.77 lakh crore in March

YourStory

YourStory · 3m ago

UPI transactions touch record high of Rs 24.77 lakh crore in March

Unified Payments Interface (UPI) transactions reached a record high of Rs 24.77 lakh crore in March, marking a 12.7% increase from February and a significant 25% year-on-year rise. Daily transactions averaged Rs 79,903 crore, reflecting increased adoption of digital payments in India. The National Payments Corporation of India (NPCI) attributes this to growing trust in digital financial solutions. For the fiscal year 2023-24, UPI transaction volumes exceeded 131 billion, with values surpassing Rs 200 lakh crore.

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