Gst Collections News
India's GST collections hit all-time high of ₹22.08 lakh crore in 2024-25, a 9.4% growth YoY — Details here
India's GST collections hit an all-time high of ₹22.08 lakh crore in the 2024-25 financial year. The collections doubled in the last five years when compared to the 2020-21 fiscal year levels.
1 min read30 Jun 2025Why ‘record’ gross GST collections in April don’t tell the full story
April GST numbers are a seasonal quirk, boosted by the year-end push, and not a barometer of steady consumption growth. Mint explores the trends hidden behind the headline numbers.
3 min read7 May 2025Mint Quick Edit | India’s GST peak is reassuring
At ₹2.37 trillion in April, the country’s goods and services tax (GST) revenue is not just the highest ever, it’s 13% higher than the previous peak achieved last April. What does this tell us about how the economy is doing?
1 min read2 May 2025India's GST collection rises 12.6% to highest-ever of ₹2.37 lakh crore in April 2025
India's GST revenue from domestic transactions rose 10.7 per cent to about ₹1.9 lakh crore, while imported goods were up 20.8 per cent to ₹46,913 crore. Refund issuance rose 48.3 per cent to ₹27,341 crore during April.
3 min read1 May 2025‘Completely false, misleading…’: Modi govt denies levying GST on UPI transactions above THIS amount
GST on UPI payments? Denying media reports that the government is considering levying a tax on UPI transactions over ₹2,000, the finance ministry said they are completely false, misleading, and without any basis.
2 min read18 Apr 2025India's GST collection rises 9.1% to ₹1.84 lakh crore in February 2025
India's GST collections: GST revenue includes a 10.2 per cent jump in domestic revenues at ₹1.42 lakh crore and a 5.4 per cent rise in revenues from imports to ₹41,702 crore during February.
2 min read1 Mar 2025Net GST collection in January rises 11% to ₹1.71 trillion
The gross collection last month stood at ₹1.95 trillion, the highest since the record ₹2.1 trillion recorded in the same month last fiscal. This upward movement in revenue collection comes after a drop in December, when collections fell to a three-month low.
2 min read1 Feb 2025Centre, states collect ₹1.73 tn in GST revenue in September
Experts said the September revenue collection figure, representing August sales, was a tad below expectations.
2 min read2 Oct 2024GST collections for July 2024 at ₹1.82 trillion, up 10.3% YoY
The proceeds from the indirect tax were higher than ₹1.74 trillion collected by the governments in June 2024.
2 min read1 Aug 2024Gujarat tops in GST filing compliance at 95%, HP, Tamil Nadu, UP, others also lead, while Arunachal, Manipur lag behind
Gujarat, Tamil Nadu, UP, Punjab, Haryana and Delhi, among others, emerged as the top states with the highest tax returns filing in the current fiscal up to the end of May. But north-eastern states like Arunachal Pradesh and Manipur lagged behind due to low digital connectivity.
2 min read15 Jul 2024