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2mo ago

India's February GST Revenues Rise 9.1% to ₹1.84 Lakh Crore

Strong domestic business activity drives a 10.2% increase in domestic GST collections, while growth from imports slows to 5.4%.

After witnessing a decline in December 2024, the GST collection in January saw an increase of 8% compared to the revenue generated during the corresponding period in 2024. (Getty Images/iStockphoto)
Experts said despite global geopolitical turbulence domestic economic activity remained strong, which was reflected in the GST numbers in February. GST collections for February reflect actual business transactions made in January. (Representational image)

Overview

  • India's gross GST collections for February 2025 reached ₹1.84 lakh crore, reflecting a 9.1% year-on-year growth compared to ₹1.68 lakh crore in February 2024.
  • Domestic GST revenues grew by 10.2% to ₹1.42 lakh crore, while revenues from imports saw a more modest 5.4% increase, totaling ₹41,702 crore.
  • Net GST collections, after refunds, stood at ₹1.63 lakh crore, marking an 8.1% annual growth, with refunds rising by 17.3% to ₹20,889 crore.
  • Major states like Maharashtra, Karnataka, Tamil Nadu, and Haryana reported significant GST revenue growth, ranging from 10% to 20%, while states like Gujarat and Telangana saw slower increases of 3% and 1%, respectively.
  • Chandigarh's GST collections also showed improvement, with February revenues rising 12% year-on-year to ₹236 crore, continuing a recovery after a decline in December 2024.