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India’s Goods and Services Tax (GST) collections recorded a 9.9 pc year-on-year increase, reaching ₹1.96 lakh crore in March.
This rise reflects a steady expansion in revenue generation and economic activity across the country. The surge in GST revenue follows a similar growth trend observed in the preceding months.
According to official data, Central GST (CGST) collections stood at ₹38,100 crore, while State GST (SGST) collections amounted to ₹49,900 crore.
The Integrated GST (IGST) component contributed ₹95,900 crore, and GST cess collections were reported at ₹12,300 crore in March.
The net GST collections for the month, after adjusting for refunds, stood at ₹1.76 lakh crore, reflecting a 7.3 pc year-on-year increase. For the financial year 2024-25, gross GST collections amounted to ₹22.08 lakh crore, showing an annual rise of 9.4 pc.
The net GST collections for the financial year, post-refunds, were ₹19.56 lakh crore, marking an 8.6 pc increase.
In the previous month of February, GST revenue rose by 9.1 pc, reaching ₹1.83 lakh crore. Similarly, in January, GST collections stood at ₹1.96 lakh crore, registering a 12.3 pc rise compared to the same period in the previous year.
December’s collections were reported at ₹1.77 lakh crore, reflecting a 7.3 pc increase, though slightly lower than November’s 8.5 pc growth rate, which had benefitted from festive season spending.
The government had projected an 11 pc increase in GST revenue for the current financial year, estimating total collections at ₹11.78 lakh crore. This includes revenue from Central GST and compensation cess.
The steady increase in GST collections indicates strong domestic consumption, effective tax compliance, and improving economic conditions.
The growth in revenue also suggests a stable tax regime, which plays a crucial role in supporting government expenditures and infrastructure development.
