GST collections for March 2025 see 9.9% surge

New Delhi

According to the data released by the government, the GST revenue for March 2025 reached Rs 1.96 lakh crore, reflecting a 9.9% rise compared to the same period last year. This figure is also 6.8% higher than the Rs 1.84 lakh crore collected in February 2025. In comparison, February's collections had risen by 9.1% to Rs 1.84 lakh crore.

The breakdown of March's GST revenue includes Rs 38,100 crore from Central GST, Rs 49,900 crore from State GST, and Rs 95,900 crore from Integrated GST. Additionally, Rs 12,300 crore was collected from compensation cess. These figures highlight the strength of domestic consumption and a healthy import activity, signaling robust economic recovery despite global uncertainties.

The Goods and Services Tax (GST) was implemented in India on July 1, 2017, with the assurance of compensation for states facing revenue loss. The GST Council, which includes Union and state finance ministers, plays a crucial role in decision-making. Recently, there have been significant reductions in GST rates on essential goods like hair oil, toothpaste, washing powder, and electronics, benefiting consumers across the country.

This surge in GST collections marks a key milestone in India's economic recovery, signaling a favorable fiscal outlook for the coming months.