Quote on GST collection numbers for July 2025 by Karthik Mani, Partner - Indirect Tax at BDO India
Below the Quote on GST collection numbers for July 2025 by Karthik Mani, Partner - Indirect Tax at BDO India
"The gross GST Collections have increased by ~ 6% on a month-on-month basis and around 7.5% on a year-on-year basis. The collections in almost all large states have grown in line with these numbers and this time it was a collective effort as opposed to growth in collections in few major States compensating for lower growth in few other States.
The overall collection growth was also helped by a significant increase of ~ 10% on a year-on-year basis in collection of IGST on imports. The significant increase in the refund amounts, which grew by nearly two third on a year-on-year basis led to a muted growth of only 1.7% in collections for the month on a Y-O-Y basis.
However, the overall growth rate on net GST collections of 8.4% on year till date is quite encouraging and would be an important data point for the GST Council to consider rate rationalisation on various goods and services as well as that of tax rate slabs."
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