Gross GST collections increase 9.1% to Rs 1.84 trillion in February

Gross Goods and Services Tax (GST) revenue includes a 10.2 per cent jump in domestic revenues at Rs 1.42 trillion and 5.4 per cent rise in revenues from imports to Rs 41,702 crore during February

Gross GST collections rose by 9.1 per cent to about Rs 1.84 trillion in February, boosted by domestic consumption and indicating potential economic revival.

 

As per the official data released on Saturday, on a gross basis, mop up from Central GST stood at Rs 35,204 crore, State GST at Rs 43,704 crore, Integrated GST at Rs 90,870 crore and compensation cess of Rs 13,868 crore.

 

GST revenues from domestic transactions jumped 10.2 per cent to Rs 1.42 trillion while that from imports grew 5.4 per cent to Rs 41,702 crore during February.

 

Total refunds issued during February were Rs 20,889 crore, a 17.3 per cent increase over the year-ago period. Net GST collections during February 2025 grew 8.1 per cent to about Rs 1.63 trillion.

 

 

Gross and net GST revenues in February 2024 were Rs 1.68 trillion and Rs 1.50 trillion, respectively.

 

The gross GST collections in February 2025, at Rs 1.84 trillion are, however, lower than Rs 1.96 trillion collected in January 2025.

 

EY Tax Partner Saurabh Agarwal said the robust GST collection figures indicate that the Indian economy is withstanding global economic challenges.

 

"The consistent rise in domestic GST revenue compared to import-related collections points to the effective implementation of the Atma Nirbhar Bharat policies.

 

Furthermore, the government's increased disbursement of domestic and export refunds, including those related to inverted duty structures, demonstrates its commitment to easing working capital pressures on businesses," Agarwal said.

 

KPMG, Indirect Tax Head & Partner, Abhishek Jain said, "GST collections growth of 10.2 per cent on domestic supplies and overall growth of 9.1 per cent indicates a potential revival of economy for Q4. If the Maha Kumbh effect comes into play, next month's revenue growth could be even better".

 

Deloitte India Partner MS Mani said while GST collections in large manufacturing and consuming states like Haryana, UP, Maharashtra, Tamil Nadu, MP, Karnataka have shown handsome increases in the range of 10- 20 per cent, a detailed evaluation on the reasons for the low growth in the range of 1- 4 per cent in Telangana, Gujarat, Assam, AP and Odisha could provide reasons on the factors responsible for growth in GST collections".

 

Tax Connect Advisory Services LLP Partner Vivek Jalan said this year's GST collection is almost on target and that is one of the reasons for revised estimates pegging fiscal deficit for FY24-25 lower at 4.8 per cent, below the budgeted 4.9 per cent.

 

So far this fiscal (April-February), gross GST collections have grown 9.4 per cent to about Rs 20.13 trillion, while net GST collections rose 8.6 per cent to over Rs 17.79 trillion.