GST collection: Today, April 1 marks the beginning of the new financial year and with it comes good news. The country’s economy performed brilliantly in the fourth quarter of 2024-25 (FY25) , which also impacted GST collection . GST collection has increased by 9.9 percent in March and the figure has reached Rs 1.96 lakh crore .
Centre and State GST collection
According to government data, the Centre GST (CGST) collection was Rs 38,100 crore , State GST (SGST) collection was Rs 49,900 crore , and Integrated GST (IGST) collection was Rs 95,900 crore . With this, the total gross GST revenue reached Rs 12,300 crore . These figures show that there has been a good increase in GST collection, which indicates economic stability and proper payment of taxes by companies.
Future expectations and prospects
Abhishek Jain , partner and head (indirect tax) at KPMG India, said in a conversation with Times of India , ” The growth of around 10% in GST collection compared to last year shows that the economy is stable and companies have paid taxes as per the rules. With this, we can expect further increase in GST collection in the next quarters.”
GST Collection Figures in March Net GST collections
in the month of March reached Rs 1.76 lakh crore , registering a growth of 7.3 per cent over the previous year. Gross GST collections for FY 2025 stood at Rs 22.08 lakh crore , registering a growth of 9.4 per cent . After refund adjustments , net GST collections for FY 2025 rose to Rs 19.56 lakh crore , registering a growth of 8.6 per cent .
Increase in GST collection in February and January too GST collection saw a growth of 9.1 percent in February too , reaching Rs 1.83 lakh crore . GST collection in January was Rs 1.96 lakh crore , which shows a growth of 12.3 percent compared to last year . It is clear from these figures that the country’s economy is continuously improving and the increase in GST collection shows that taxes are being paid properly.
By
By
