India’s GST Collections Rise by 12.3% in January 2025, Reaching Rs 1.95 Lakh Crore

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Shashank Bhat
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India’s GST Collections Rise by 12.3% in January 2025, Reaching Rs 1.95 Lakh Crore

India’s Goods and Services Tax (GST) revenue for January 2025 surged to Rs 1,95,506 crore, marking a 12.3% year-on-year growth compared to January 2024. This increase reflects the robustness of the Indian economy and improved compliance measures.

Key Highlights of GST Revenue – January 2025

Domestic Collections:

  • Central GST (CGST): Rs 36,077 crore (up from Rs 32,685 crore in Jan 2024)
  • State GST (SGST): Rs 44,942 crore (up from Rs 40,895 crore)
  • Integrated GST (IGST): Rs 53,623 crore (up from Rs 48,952 crore)
  • Cess: Rs 12,483 crore (up from Rs 11,173 crore)
  • Total Domestic GST Revenue: Rs 1,47,124 crore (10% growth YoY)

GST on Imports:

  • IGST on Imports: Rs 47,453 crore (up from Rs 39,598 crore)
  • Cess on Imports: Rs 929 crore (up from Rs 803 crore)
  • Total Import GST Revenue: Rs 48,382 crore (19.8% growth YoY)

Overall Gross GST Revenue (Domestic + Imports):

  • Total GST Revenue: Rs 1,95,506 crore (up from Rs 1,74,106 crore in Jan 2024, reflecting a 12.3% YoY growth)

Refunds and Net Revenue

GST Refunds:

  • Domestic refunds: Rs 14,392 crore (up from Rs 10,845 crore, reflecting a 32.7% increase)
  • Export refunds through ICEGATE: Rs 9,461 crore (up from Rs 8,411 crore, marking a 12.5% increase)
  • Total refunds: Rs 23,853 crore (up from Rs 19,255 crore, a 23.9% YoY increase)

Net Revenue After Refunds:

  • Net Domestic Revenue: Rs 1,32,732 crore (8% YoY growth)
  • Net Customs Revenue: Rs 38,921 crore (21.7% YoY growth)
  • Total Net GST Revenue: Rs 1,71,653 crore (10.9% YoY growth)

State-wise GST Revenue Growth – January 2025

Several states recorded notable growth in GST collections:

  • Maharashtra: Rs 32,335 crore (up 14%)
  • Tamil Nadu: Rs 11,496 crore (up 20%)
  • Gujarat: Rs 12,135 crore (up 11%)
  • Karnataka: Rs 14,353 crore (up 8%)
  • Uttar Pradesh: Rs 9,516 crore (up 11%)
  • Goa: Rs 695 crore (up 18%)
  • Ladakh: Rs 68 crore (up 39%)

While most states saw an increase, Himachal Pradesh (-7%) and Mizoram (-10%) experienced declines.

Conclusion

The strong growth in GST collections in January 2025 underscores economic expansion, improved tax compliance, and increased consumption. The government continues to enhance tax administration, streamline compliance procedures, and address evasion to sustain revenue growth in the coming months.
Source: GST Portal News and Updates

For more details, visit the official GST portal.

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