GST Collections Surge 12.3% in January 2025 Driven by Strong Domestic Growth

Last updated: 03 February 2025

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Goods and Services Tax (GST) collections experienced a significant surge in January 2025, reaching ₹1.96 lakh crore. This represents a healthy 12.3% increase compared to the same period last year, driven by both a 10% rise in domestic collections and a substantial 19.8% jump in import-related revenues. The growth highlights India's economic resilience and improved tax compliance.

GST collections for January 2025 soared to ₹1.96 lakh crore, marking a robust 12.3% year-on-year increase from ₹1.74 lakh crore in January 2024. This growth was fueled by a strong 10% rise in domestic GST revenues and a significant 19.8% surge in import-related collections. Key contributors to th

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FAQ :

Total GST collections in January 2025 were ₹1.96 lakh crore.

GST collections increased by 12.3% year-on-year in January 2025.

Growth was driven by a 10% rise in domestic GST revenues and a 19.8% surge in import-related collections.

Maharashtra (14% growth), Tamil Nadu (20%), and Ladakh (39%) were key contributors to the growth.

GST refunds saw an increase of 23.9%, reaching ₹23,853 crore, indicating efficient processing.

Attached File : 671907_24492_approved_monthly_gst_data_for_publishing_jan_2025.pdf

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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GST Collections Surge 12.3% in January 2025 Driven by Strong Domestic Growth