India's GST collection rises 9.1% to ₹1.84 lakh crore in February 2025

India's gross goods and services tax (GST) collections rose 9.1 per cent to about ₹1.84 lakh crore in February 2025. According to official data released on Saturday, March 1, on a gross basis, mop-up from the central GST stood at ₹35,204 crore, state GST at ₹43,704 crore, integrated GST at ₹90,870 crore, and compensation cess at ₹13,868 crore in the month under review.

GST revenues from domestic transactions jumped 10.2 per cent to ₹1.42 lakh crore, while those from imports grew 5.4 per cent to ₹41,702 crore during February. The total refunds issued during February were ₹20,889 crore, a 17.3 per cent increase over the year-ago period. The net GST collections during February 2025 grew 8.1 per cent to about ₹1.63 lakh crore.

Also Read: Net GST collection in January rises 11% to ₹1.71 trillion

India's GST Collections in February: Key Metrics

India's gross and net GST revenues in February 2024 were ₹1.68 lakh crore and ₹1.50 lakh crore, respectively. However, the gross GST collections in February 2025, at ₹1.84 lakh crore, are lower than the ₹1.96 lakh crore collected in January 2025.

Tax Connect Advisory Services LLP Partner Vivek Jalan said this year's GST collection is almost on target, which is one reason revised estimates pegged the fiscal deficit for FY25 at 4.8 per cent, below the budgeted 4.9 per cent. 

“On a different note, it is heartening to see that the growth of GST on import is 7.2 per cent only vis-a-vis growth in domestic GST collection of 10.1 per cent. It indicates that India is getting more 'Atmanirbhar'. Coupled with this, a 15.8 per cent increase in refunds (including export refunds) is a positive sign,” said Jalan.

Also Read: Hyundai Motor India receives GST notices worth nearly ₹17.5 crore; stock down 7% in five sessions

So far this fiscal (April-February), gross GST collections grew 9.4 per cent to ₹20.13 lakh crore, while net GST collections rose 8.6 per cent to ₹17.79 lakh crore. Gyanendra Tripathi, Partner & Leader (West), Indirect Tax at BDO India, highlighted that higher-than-average refunds issued in February have led to lower-than-average growth rates in the net GST collection numbers.

“The growth in gross GST collections for February 2025 is almost in line with the year's average growth rate. However, higher-than-average refunds issued this month have led to lower-than-average growth rates in the net GST collection numbers,” he said.

"Another interesting point is that the year-on-year growth rate of collections by central formations has significantly outpaced the growth rate in collections by state formations, which may possibly be due to the significant successes of the investigation arms of the central formations,' added Tripathi.

Also Read: Centre, states collect gross GST revenue of ₹1.76 trillion in December