The Goods and Services Tax (GST) collections for March 2025 soared to Rs 1.96 lakh crore, reflecting a substantial 9.9 per cent year-on-year growth. This surge highlights strong economic momentum and increased fiscal activity across sectors. Compared to the previous month’s collection of Rs 1.62 lakh crore, which also posted an 8.1 per cent YoY rise, the latest figure signals sustained consumer and business confidence. This upward trend underscores the resilience of the economy and positive consumption patterns nationwide and the robust fiscal activity across sectors.
The total GST collections reached Rs 1.96 lakh crore, with the Central GST (CGST) contributing Rs 38,100 crore, while the State GST (SGST) accounted for Rs 49,900 crore. The Integrated GST (IGST), which covers inter-state goods and services transactions, stood at Rs 95,900 crore. Additionally, the GST Cess, levied to compensate states for revenue losses, amounted to Rs 12,300 crore. This breakdown reflects the diverse and robust participation in the GST system across the country.
These figures highlight the widespread participation of both consumers and businesses in the GST framework, showcasing its maturity as a stable and reliable revenue source for the government.
State-Wise Performance:
For the fiscal year 2024-25, the cumulative GST growth from April 2024 to March 2025 was 9.4 per cent YoY, slightly higher than the 9.1 per cent growth recorded during the April–December period.
Notably, Gujarat emerged as a top performer, with GST collections rising by 14 per cent to Rs 73,281 crore—significantly surpassing the national average growth rate. This strong performance reflects Gujarat’s efficient tax collection strategies and its substantial contribution to India’s GDP.
Several states and union territories recorded double-digit growth in GST collections, showcasing vibrant economic activities across different regions. Notable year-on-year increases were observed in Tripura at 32 per cent, Bihar at 30 per cent, Sikkim at 30 per cent, Meghalaya at 26 per cent, and the Andaman and Nicobar Islands at 60 per cent, reflecting growing investments and economic engagement in these areas.
On the other hand, regions like Jammu and Kashmir, Himachal Pradesh, Manipur, and Dadra and Nagar Haveli and Daman and Diu experienced declines, potentially due to local economic challenges or administrative issues.
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Refunds
Additionally, domestic refunds rose by 2.8 per cent, while total refunds surged by 41.2 per cent, with a remarkable 201.9 per cent YoY increase in import-related refunds. This growth in refunds, totaling Rs 2.52 trillion for FY25, which is a 16.4 per cent YoY rise and highlights improved tax administration and efficiency, encouraging greater compliance and smoother business transactions. These trends underline India’s steady progress towards a more efficient and taxpayer-friendly GST system.
