GST revenue hits record high of ₹2.37 lakh crore in April, up 12.6%
The Hindu
April 2025 sees record high GST collection of ₹2.37 lakh crore, reflecting strong economic activity and business reconciliations.
Goods and Services Tax (GST) collection rose 12.6% Y-o-Y to an all-time high of about ₹2.37 lakh crore in April, reflecting strong economic activity and March-end reconciliation of books by businesses.
The GST mop-up was ₹2.10 lakh crore in April 2024 — the second highest collection ever since GST was rolled out on July 1, 2017. In March 2025, the collection was ₹1.96 lakh crore.
According to the latest government data released on Thursday (May 1, 2025), GST revenue from domestic transactions rose 10.7% to about ₹1.9 lakh crore, while revenue from imported goods was up 20.8% to ₹46,913 crore.
Also Read | Gross GST Collections up 10% in March 2025
Refunds issuance rose 48.3% to ₹27,341 crore during April.
After adjusting refunds, net GST collection rose 9.1% to over ₹2.09 lakh crore in April.
Deloitte India Partner M.S. Mani said the net GST collections crossing ₹2 lakh crore in the first month of the current fiscal year indicates a strong economic performance in the last month of the previous fiscal year as these relate to transactions in goods and services in March 2025.
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