The Goods and Services Tax (GST) collections in July, in gross terms, rose over 7.5 per cent to about 1.95 lakh crore compared to about 1.82 lakh crore in the same month last year, according to official data released Friday.
India's Goods and Services Tax (GST) system has achieved a major milestone in 2024-25, with a record gross collection of ₹22.08 lakh crore, showing a 9.4 per cent growth over the previous year.
The Gross Goods and Services Tax (GST) collections for March 2025 surged 12 per cent, standing at Rs 2.37 lakh crore during April, marking an all-time high for collections.
Separately, the Gross Goods and Services Tax (GST) collections for March 2025 stayed at Rs 19,56,034 crore (Rs 1.96 lakh crore), surging 9.9 per cent, according to the government data.
The production in the country showed signs of improvement towards the end of the last financial year, supported by a rise in high-frequency indicators such as the manufacturing PMI, GST collections, and e-way bill generations, according to a report by Bank of Baroda.
The Gross Goods and Services Tax (GST) collections for March 2025 stayed at Rs 19,56,034 crore (Rs 1.96 lakh crore), surging 9.9 per cent, according to the government data released on Tuesday.
Gross Goods and Services Tax (GST) collections for February 2025 saw a significant increase of 9.1 per cent compared to the same month last year, reaching approximately Rs 1.84 lakh crore, as per government data released Saturday.
NCAER Director General Dr Poonam Gupta said, "Moderation in inflation (headline inflation to 4.3 per cent) has opened up more policy space. The agriculture sector is also exhibiting much-needed resilience, which bodes well for both inflation control and rural push to the economy."
Goods and Services Tax (GST) collections in January, in gross terms, were at Rs 1.95 lakh crore, with a yearly jump of 12.3 per cent, according to data from the finance ministry released Saturday.
Goods and Services Tax (GST) collections in December, in gross terms, were at Rs 1.76 lakh crore, with a yearly jump of 7.3 per cent, according to data from the finance ministry released on Wednesday.
The Goods and Services Tax (GST) collections have gone up by 9.3 per cent so far in the current fiscal 2024-25 to Rs 14.56 lakh crore. In the April-November period of last year, the tax mop-up was Rs 13.32 lakh crore.