New Delhi, March 1: India's Gross Goods and Services Tax (GST) collections for February 2025 recorded a notable growth of 9.1% compared to the same month last year, reaching approximately Rs 1.84 lakh crore, according to official data released on Saturday.
The increase in GST collections was primarily driven by a strong 10.2% rise in domestic collections, which amounted to about Rs 1.42 lakh crore. In addition, revenues from imports saw a 5.4% uptick, totaling Rs 41,702 crore.
Breaking down the February 2025 GST collections, the Central GST accounted for Rs 35,204 crore, while the State GST totaled Rs 43,704 crore. The Integrated GST stood at Rs 90,870 crore, and the Compensation Cess reached Rs 13,868 crore.
Refunds issued during February 2025 amounted to Rs 20,889 crore, marking a 17.3% increase over the previous year. This surge in refunds reflects efficient claim processing and a more business-friendly environment. After accounting for these refunds, the net GST collections grew by 8.1%, reaching around Rs 1.63 lakh crore.
This performance is noteworthy when compared to the same period last year, when gross GST collections stood at Rs 1.68 lakh crore, and net collections were at Rs 1.50 lakh crore. The February 2025 GST figures underscore a positive trend for India's economy, highlighting strong domestic consumption and healthy import activity. These figures signal resilience in the face of global uncertainties and offer a promising outlook for the country's fiscal health and ongoing economic recovery.
