Gross GST mop-up rises 7.5% to ₹1.96 trillion in July; refunds jump 67%

Gross GST mop-up was ₹1.82 trillion in July 2024. Last month, the collection was ₹1.84 trillion

Gross Goods and Services Tax (GST) collection increased 7.5 per cent to about ₹1.96 trillion in July on higher domestic revenues.

 

Gross GST mop-up was ₹1.82 trillion in July 2024. In June, the collection was ₹1.84 trillion. Gross domestic revenue grew 6.7 per cent to ₹1.43 trillion, while tax from imports rose 9.5 per cent to ₹52,712 crore.

 

GST refunds shot up 66.8 per cent year-on-year to ₹27,147 crore. The net GST revenue stood at ₹1.69 trillion in July 2025, recording a 1.7 per cent year-on-year growth.

 

  Stable consumption pattern

 

EY India Tax Partner Saurabh Agarwal told PTI that despite some global pressures and temporary dips, the overall trend shows a stable consumption pattern and consistent growth trajectory of the economy.

 

"The government's timely refund process is also a great help to businesses, ensuring they have the working capital they need," Agarwal added.