City
Epaper

Record GST collection showcases resilience of Indian economy: FM Sitharaman

By IANS | Updated: May 1, 2025 20:57 IST

New Delhi, May 1 The record GST collection in April showcases the resilience of the Indian economy and ...

Open in App

New Delhi, May 1 The record GST collection in April showcases the resilience of the Indian economy and the effectiveness of cooperative federalism, Union Finance Minister Nirmala Sitharaman said on Thursday.

Gross GST collections for April stood at Rs 2.36 lakh crore, marking a 12.6 per cent increase over the gross collection of Rs 2.10 lakh crore in April 2024.

Net GST collections for April 2025 reached Rs 2.09 lakh crore, reflecting a 9.1 per cent growth compared to the net collection of Rs 1.92 lakh crore in April 2024.

"Deepest gratitude to the taxpayers whose contributions and faith in the GST architecture drive the nation’s progress. Their contributions reflect a shared commitment to building a Viksit Bharat,” FM Sitharaman said in a post on social media platform X.

"Congratulations and sincere regards to the dedicated efforts Finance Ministers of all states and state GST authorities, who remain equal partners in India’s GST framework".

The Finance Minister also acknowledged the efforts of the field formations of the Central Board of Indirect Taxes and Customs (CBIC) for their sincere efforts.

The increase in GST collections was driven by the higher level of economic activity and better compliance.

GST collections from domestic transactions in April this year increased by 10.7 per cent to Rs 1.9 lakh crore, while revenue from imported goods shot up by 20.8 per cent to Rs 46,913 crore. Refund issuance rose 48.3 per cent to Rs 27,341 crore during April.

GST collections went up by 9.9 per cent to Rs 1.96 lakh crore during March this year compared to the same month of the previous year, reflecting the higher level of economic activity and better compliance.

Sequentially, the GST collections were 6.8 per cent higher than the Rs 1.84 lakh crore revenue recorded in February this year.

Gross GST revenue in March included Rs 38,100 crore from Central GST, Rs 49,900 crore from State GST, Rs 95,900 crore from Integrated GST, and Rs 12,300 crore from compensation cess.

In comparison, February saw Central GST collections at Rs 35,204 crore, State GST (Rs 43,704 crore), Integrated GST (Rs 90,870 crore), and compensation cess (Rs 13,868 crore).

Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Uttar Pradesh were the top five contributors to GST collections in March.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalBangladesh: Police arrest eight Awami League leaders and activists in Dhaka

Other Sports'Maybe he was under the influence…': Harbhajan on Lalit Modi releasing IPL slapgate video

EntertainmentPaul 'Bonehead' Arthurs takes break from Oasis reunion tour for cancer treatment

CricketIrani Cup: Taide stars with remarkable century as Vidarbha beat ROI by 93 runs to secure 3rd title

TechnologyIndia should focus on atmanirbhar innovation, aims to rank in top five AI nations globally: Scindia

National Realted Stories

NationalHM Amit Shah inaugurates country's 1st co-op compressed biogas plant in Maharashtra's Kopargaon

NationalMumbai–Ahmedabad Bullet Train Project Prompts Citywide Traffic Restrictions — Check Affected Routes and Diversions

NationalVice President Radhakrishnan condoles deaths in Darjeeling rain, landslides

NationalBhupender Yadav opens Rajasthan's first 'Namo Biodiversity Park' in Alwar

NationalCEC Gyanesh Kumar urges people of Bihar to take part in Assembly polls like Chhath