February GST Collection Nears ₹1.84 Lakh Crore, Posts 9.1% Year-on-Year Growth

📊 February GST Collection Overview

📅 Updated: March 2, 2025: India’s Gross Goods and Services Tax (GST) revenue for February 2025 touched ₹1.84 lakh crore, reflecting a 9.1% year-on-year (YoY) growth, driven by strong domestic business activity. However, the collection was lower than January’s ₹1.95 lakh crore due to seasonal fluctuations.

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Metric	February 2025	YoY Growth
Gross GST Revenue	₹1,83,646 Cr	+9.1%
Net GST Revenue	₹1,62,758 Cr	+8.1%
Refunds Issued	₹20,889 Cr	+17.3%
Domestic GST Revenue	₹1,41,945 Cr	+10.2%
GST from Imports	₹41,702 Cr	+5.4%

📈 Key Highlights

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✅ Domestic business remains strong – Domestic GST collections recorded 10.2% growth, showcasing economic resilience despite global uncertainties.
✅ Slower growth in imports – GST from imports grew only 5.4%, reflecting a dip in international trade demand.
✅ GDP growth impact – The 6.2% GDP growth in Q3 FY25 contributed to healthy tax collection trends.
✅ State-wise disparity – While major industrial states saw 10-20% GST growth, some states like Telangana, Gujarat, and Odisha reported low growth (1-4%).

🔍 State-wise GST Performance

📉 Low Growth States:

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Telangana: ₹5,280 Cr (+1%)
Gujarat: ₹11,402 Cr (+3%)
Andhra Pradesh: ₹3,817 Cr (+4%)
Odisha: ₹5,344 Cr (+4%)

📈 High Growth States:

Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh, Haryana, Madhya Pradesh saw 10-20% YoY GST growth.

🔎 Experts suggest a detailed evaluation of low-growth states to understand the factors affecting revenue generation.

📊 Expert Analysis

🗣️ Abhishek Jain (KPMG, Indirect Tax Head & Partner)
“A 10.2% GST growth on domestic supplies and overall 9.1% rise suggest a potential economic revival for Q4. If the Maha Kumbh effect contributes next month, growth could be even better.”

🗣️ MS Mani (Partner, Deloitte India)
“While domestic GST collections remain strong, import GST slowdown (5.4%) indicates potential shifts in trade. This should be correlated with GDP data on consumption and imports.”

📌 What’s Next?

✅ March GST collections could see a boost due to increased festive and tourism-related spending (Maha Kumbh effect).
✅ Government likely to focus on import tax trends to assess trade patterns.
✅ States with low GST growth may undergo policy reviews to identify bottlenecks and boost tax revenue.

Will India’s GST collections hit a record high in the coming months? Stay tuned for further updates! 📊📢