Goods and Services Tax (GST) revenue for March 2025 has seen a significant increase of 9.9% year-on-year, reaching £1.96 lakh crore. This growth is attributed to strong domestic consumption, import activities, and improved tax compliance. The collections include a rise in both domestic and import revenues, with net revenue after refunds also showing a healthy increase. For the full fiscal year ending March 2025, total gross GST revenue also grew by 9.4%.
Goods and Services Tax (GST) collections for March 2025 have showcased a robust performance, reflecting the country's steady economic momentum. As per the provisional data released on April 1, 2025, the total gross GST revenue for the month reached ₹1,96,141 crore, marking a significant 9.9% growth compared to ₹1,78,484 crore collected in March 2024. This upward trend underscores the resilience of domestic consumption and import activities, bolstered by improved tax compliance and enforcement me
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FAQ :
The total gross GST revenue for March 2025 reached £1,96,141 crore.
GST revenue in March 2025 saw a 9.9% growth compared to March 2024.
The net GST revenue for March 2025, after accounting for refunds, was £1,76,526 crore, a 7.3% rise from the previous year.
Andaman and Nicobar Islands led with 60% growth, followed by Tripura (32%) and Bihar (30%).
For the fiscal year ending March 31, 2025, the total gross GST revenue reached £22,08,861 crore, a 9.4% increase from the previous fiscal year.
Yes, total refunds processed in March 2025 surged by 41.2% to £19,615 crore, with a significant rise in export-related refunds.