- विज्ञापन -
New Delhi: Government on Saturday in a statement said that the Gross Goods and Services Tax (GST) collections for February 2025 saw a significant increase of 9.1 percent compared to the same month last year, reaching approximately Rs 1.84 lakh crore.
According to the statement released by the government, the uptick in the GST collections was driven by robust 10.2 per cent growth in domestic collections, which totaled about Rs 1.42 lakh crore.
Additionally, revenues from imports (Gross Import Revenue) saw a 5.4 percent increase, amounting to Rs 41,702 crore.
In the breakdown of the February 2025 GST collections, the Central GST stood at Rs 35,204 crore, the state GST Rs 43,704 crore, while the Integrated GST remained at the level of Rs 90,870 crore.
The data reveals that the Compensation Cess stood at Rs 13,868 crore.
In terms of refunds, Rs 20,889 crore were issued during February 2025, marking a 17.3 per cent rise in refunds compared to the previous year. The refund data shows an efficient processing of claims and a more favorable environment for businesses.
Meanwhile, net GST collections, after accounting for refunds, grew by 8.1 per cent, reaching around Rs 1.63 lakh crore. This is a solid performance when compared to the same month in the previous year, when gross GST collections amounted to Rs 1.68 lakh crore and net collections stood at Rs 1.50 lakh crore.
