GST Collections Surge to ₹1.96 Lakh Crore in March 2025, Marking 9.9% Growth

India's Goods and Services Tax (GST) collections for March 2025 have demonstrated a significant uptick, reaching ₹1.96 lakh crore. This represents a 9.9% increase compared to the same month in the previous year, underscoring a robust economic performance and effective tax compliance.

Breakdown of March 2025 GST Collections

  • Central GST (CGST): ₹38,100 crore

  • State GST (SGST): ₹49,900 crore

  • Integrated GST (IGST): ₹95,900 crore

  • GST Cess: ₹12,300 crore

The IGST component includes ₹45,782 crore collected on imported goods, indicating a healthy import activity during the period.

Comparative Analysis

This collection is the second-highest monthly GST revenue recorded since April 2024, when collections peaked at ₹2.10 lakh crore. The consistent growth in GST revenues reflects sustained economic activity and improved compliance among taxpayers.

Fiscal Year Performance

For the fiscal year 2024-25, the cumulative gross GST collections amounted to ₹22.08 lakh crore, marking a 9.4% increase over the previous fiscal year. After accounting for refunds, the net GST revenue stood at ₹19.56 lakh crore, reflecting an 8.6% growth year-on-year.

Expert Insights

Tax experts attribute this growth to enhanced compliance measures and a steady economic environment. The uptick in both domestic transactions and imports has contributed significantly to the increased collections.

Conclusion

The notable rise in GST collections for March 2025 signals a positive trajectory for India's economy, highlighting effective tax administration and a resilient economic landscape. As the country progresses, maintaining this momentum will be crucial for sustaining fiscal health and funding developmental initiatives.