Gross GST collections rise 9.1% to Rs 1.84 trillion in February
Indicating potential economic revival, gross goods and services tax (GST) collections rose by around 9.1 per cent to about Rs 1.84 trillion in February 2025, as compared to gross GST collection of Rs 1.68 trillion in February 2024, boosted by domestic consumption. However, the gross GST collections in February 2025 are lower than Rs 1.96 trillion collected in January 2025.
On a gross basis, mop up from Central GST stood at Rs 35,204 crore, State GST at Rs 43,704 crore, Integrated GST at Rs 90,870 crore and compensation cess of Rs 13,868 crore. GST revenues from domestic transactions jumped 10.2 per cent to Rs 1.42 trillion while that from imports grew 5.4 per cent to Rs 41,702 crore during February. Total refunds issued during February were Rs 20,889 crore, a 17.3 per cent increase over the year-ago period.
Net GST collections during February 2025 grew around 8.1 per cent to about Rs 1.63 trillion. Net GST revenues in February 2024 were Rs 1.50 trillion. So far this fiscal (April-February), gross GST collections have grown 9.4 per cent to about Rs 20.13 trillion, while net GST collections rose 8.6 per cent to over Rs 17.79 trillion.
