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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 this growth include Maharashtra (14% growth), Tamil Nadu (20%), and Ladakh (39%). Notably, sectors like manufacturing and services have shown strong compliance, boosting revenue. GST refunds also saw an
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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.
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