NEW DELHI: Gross goods and services tax (GST) collections grew 12.6% on year to Rs 2.37 lakh crore in April (March transactions). This is the highest ever monthly mop-up, reflecting in part steady goods shipments from factories, but also the usual spurt in receipts at the end of a financial year as businesses seek to clear their accounts.
The previous high in monthly GST receipts was in April 2024 when it touched Rs 2.1 lakh crore.
According to government data, GST revenues from domestic transactions rose 10.7% to Rs 1.9 lakh crore, while revenue from imported goods rose at a sharper rate of 20.8% to Rs 46,913 crore.
The gross collection includes central GST receipts of Rs 48,634 crore, state GST receipts of Rs 59,372 crore, and integrated GST (IGST) receipts of Rs 1.15 lakh crore. Cess collection stood at Rs 13,451 crore in April.
“The notable GST figures may have also been positively influenced by substantial exports to the US market prior to the announcement of reciprocal tariffs,” said Saurabh Agarwal, tax partner at EY.
Generally, thanks to a surge in refunds, the net GST revenue rose 9.1% to over Rs 2.09 lakh crore in April 2025 compared with the year-ago month. Total tax refunds grew 48% to Rs 27,341 crore in April.
“The trend of increase in refunds observable during the past few months has continued this month, indicating that the online refund processes have now achieved a good degree of stability,” said MS Mani, partner at Deloitte India.
The GST collections during the month have been uniformly high in all the major producing/consuming states and have been in the range of 11%-16%, unlike the previous months, where some large states showed lower growth, Mani said.
There are now more than five states, including, Uttar Pradesh, Gujarat, Maharashtra, Karnataka and Tamil Nadu having more than 1 million GST registrations each out of the overall registrations of 15 million across the country, he added.
A potential moderation in absolute GST collections is anticipated next month due to the current global economic climate, Agarwal said.
The e-way bill generation recorded a growth of 20.2% in March 2025. The fourth quarter of FY25 recorded the highest y-o-y growth of 19.4% in e-way bill generation in FY25, indicating heightened economic activity in Q4 compared to previous quarters.
Gross GST revenues rose 9.4% to Rs 22.09 lakh crore in FY25, while net revenues rose 8.6% to Rs 19.56 lakh crore during the year.
Source: The Financial Express
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