Gross GST collections rose 9.1% to around ₹1.84 lakh crore in February, boosted by domestic consumption and indicating a possible economic revival.
On a gross basis, ₹35,204 crore came from Central GST, ₹43,704 crore from State GST, ₹90,870 crore from Integrated GST and ₹13,868 crore from compensation cess, according to official data released on Saturday.
GST revenue from domestic transactions rose 10.2% to ₹1.42 lakh crore during February, while that from imports rose 5.4% to ₹41,702 crore.
Total refunds issued during February were ₹20,889 crore, up 17.3% compared to the year-ago period. Net GST collections during February 2025 grew 8.1% to nearly ₹1.63 lakh crore. Gross and net GST revenues in February 2024 were ₹1.68 lakh crore and ₹1.50 lakh crore, respectively.
Gross GST collections in February 2025 stood at ₹1.84 lakh crore, lower than the ₹1.96 lakh crore collected in January 2025. EY Tax Partner Saurabh Agarwal said the robust GST collection figures indicate that the Indian economy is weathering the global economic challenges.
The consistent growth in domestic GST revenues compared to import-related collections points to the effective implementation of Atmanirbhar Bharat policies. “Further, the government’s increased disbursement of domestic and export refunds, including those related to inverted duty structure, reflects its commitment to ease working capital pressure on businesses,” Agarwal said.
Abhishek Jain, Head & Partner, Indirect Tax, KPMG, said, “GST collections on domestic supplies at 10.2% and overall growth of 9.1% indicate a possible revival of the economy in the fourth quarter. If the Maha Kumbh effect takes effect, next month’s revenue growth could be even better”.
MS Mani, Partner, Deloitte India said that while GST collections in large manufacturing and consumer states like Haryana, UP, Maharashtra, Tamil Nadu, MP, Karnataka have seen good growth in the range of 10-20%, a detailed assessment of the reasons for lower growth in the range of 1-4% in Telangana, Gujarat, Assam, AP and Odisha may provide reasons on the factors responsible for the increase in GST collections.
Tax Connect Advisory Services LLP Partner Vivek Jalan said this year’s GST collection is almost on target and that is why the fiscal deficit for FY24-25 has been kept low at 4.8% in the revised estimates, lower than the 4.9% set in the Budget.
So far this fiscal (April-February), gross GST collection has grown by 9.4% to around ₹20.13 lakh crore, while net GST collection has grown by 8.6% to over ₹17.79 lakh crore.
