GST collections rise 9% to Rs 1.84 lakh cr; indicate economic revival, say experts

NEW DELHI: Gross GST collections rose by 9.1 per cent to about Rs 1.84 lakh crore in February, boosted by domestic consumption and indicating potential economic revival.

As per the official data released on Saturday, on a gross basis, mop up from Central GST stood at Rs 35,204 crore, State GST at Rs 43,704 crore, Integrated GST at Rs 90,870 crore and compensation cess of Rs 13,868 crore.

GST revenues from domestic transactions jumped 10.2 per cent to Rs 1.42 lakh crore while that from imports grew 5.4 per cent to Rs 41,702 crore during February.

Total refunds issued during February were Rs 20,889 crore, a 17.3 per cent increase over the year-ago period. Net GST collections during February 2025 grew 8.1 per cent to about Rs 1.63 lakh crore.

Gross and net GST revenues in February 2024 were Rs 1.68 lakh crore and Rs 1.50 lakh crore, respectively.

The gross GST collections in February 2025, at Rs 1.84 lakh crore are, however, lower than Rs 1.96 lakh crore collected in January 2025.

EY Tax Partner Saurabh Agarwal said the robust GST collection figures indicate that the Indian economy is withstanding global economic challenges.

“The consistent rise in domestic GST revenue compared to import-related collections points to the effective implementation of the Atma Nirbhar Bharat policies.

“Furthermore, the government’s increased disbursement of domestic and export refunds, including those related to inverted duty structures, demonstrates its commitment to easing working capital pressures on businesses,” Agarwal said.