GST Collection Hits Record ₹2.37 Lakh Crore in April, Up 12.6% YoY

0
GST Collection Hits Record ₹2.37 Lakh Crore in April, Up 12.6% YoY

India’s gross GST collection hit a historic high of ₹2.37 lakh crore in April 2025, marking a 12.6% year-on-year growth and signaling robust economic momentum.

The government collected ₹2,36,716 crore in Goods and Services Tax (GST) in April 2025, surpassing the previous record of ₹2.10 lakh crore in April 2024. The latest data, released on Thursday, reflects a strong start to the new fiscal year.

Revenues from domestic transactions stood at nearly ₹1.9 lakh crore, growing 10.7% from the same month last year. GST collected on imported goods surged by 20.8% to ₹46,913 crore, suggesting healthy import activity and consumption demand.

Refund issuance rose 48.3% year-on-year to ₹27,341 crore during April. After accounting for refunds, the net GST collection stood at ₹2.09 lakh crore—up 9.1% compared to last year.

Tax experts attribute the record-breaking numbers to both steady economic recovery and year-end reconciliations by businesses.

Abhishek Jain, Indirect Tax Head & Partner at KPMG India, said: “The all-time high GST collections are a strong indicator of robust economic activity. While this reflects ongoing recovery and growth, a significant contributor is also the year-end reconciliation process, which typically results in additional tax payments by businesses to align their returns during the year.”

The April 2025 figure significantly outpaces March 2025’s GST collection of ₹1.96 lakh crore. Historically, April has seen higher-than-average collections due to annual financial closing activities. This trend reinforces confidence in the government’s tax compliance measures and digital monitoring systems.

With continued focus on improved compliance and digital infrastructure under GSTN, experts believe sustained monthly collections above ₹2 lakh crore are achievable in the coming fiscal quarters.

Leave a Reply

Your email address will not be published. Required fields are marked *