📊 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.
| 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:
- 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! 📊📢
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#GSTCollection, #IndianEconomy, #TaxRevenue, #FinanceNews, #Budget2025, #BusinessGrowth, #EconomicUpdate, #GSTIndia,