Goods and Services Tax (GST) collections for February 2025 demonstrated robust growth, increasing by 9.1% year-on-year to reach £1.83 lakh crore. This rise was driven by a 10.2% increase in domestic GST revenue and a 5.4% growth in GST from imports. Despite a significant rise in refunds, the net GST revenue saw an 8.1% increase, indicating a positive economic trajectory and improved tax administration.
The Goods and Services Tax (GST) collections for February 2025 have shown a strong 9.1% year-on-year growth, reaching ₹1.83 lakh crore compared to ₹1.68 lakh crore in February 2024. This sustained increase reflects economic resilience, improved compliance, and enhanced tax administration.
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FAQ :
Total GST collections for February 2025 reached £1.83 lakh crore, a 9.1% increase compared to February 2024.
Domestic GST revenue grew by 10.2% to £1.41 lakh crore in February 2025.
GST revenue from imports rose by 5.4% in February 2025, amounting to £41,702 crore.
Total GST refunds surged by 17.3% in February 2025, reaching £20,889 crore.
States like Haryana (20%), Madhya Pradesh (15%), Rajasthan (14%), Maharashtra (13%), Delhi (10%), and Tamil Nadu (10%) reported double-digit growth in GST revenue.
Factors include economic expansion, improved tax compliance measures, higher consumption and digital transactions, and enhanced technology and monitoring in tax administration.