GST Collections Rise 9.1% to Rs 1.84 Lakh Cr in February

By By Rediff Money Desk, New Delhi
Mar 01, 2025 16:12
India's GST collections surged 9.1% in February, reaching Rs 1.84 lakh crore, driven by strong domestic and import revenues. Learn more about the breakdown and implications.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Mar 1 (PTI) Gross GST collections rose by 9.1 per cent to about Rs 1.84 lakh crore in February, official data showed on Saturday.

Gross Goods and Services Tax (GST) revenue includes a 10.2 per cent jump in domestic revenues at Rs 1.42 lakh crore and 5.4 per cent rise in revenues from imports to Rs 41,702 crore during February.

As per the data, during the month, 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.

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.
Source: PTI
Read More On:
indiagsteconomic growthfebruarygst collectionstax revenuefinancial news
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

NAFED Urad Procurement in UP: 50 Centers Open

NAFED to open 50 urad procurement centers in 17 UP districts. Farmers can sell at MSP...

NCLAT Asks Renewal of Bank Guarantee for IL&FS...

NCLAT directs Brookfield-backed Chronos to renew bank guarantee for acquiring IL&FS...

SBI Reduces Lending Rate After RBI Cut

SBI cuts lending rate by 25 bps after RBI rate cut. Loans become cheaper for borrowers....

Pakistan & Binance Pact: Tokenisation of Assets

Pakistan and Binance sign MoU for tokenisation of assets up to USD 2 billion. Boost...

IndiGo Seeks Rs 900 Cr Customs Duty Refund in...

IndiGo moves Delhi HC for Rs 900 crore Customs duty refund on re-imported aircraft...

Sebi Clears Pranav Adani in Insider Trading Case

Sebi clears Pranav Adani, Adani Group director, of insider trading charges related to...

Sebi Officials & Asset Disclosure: Privacy...

Sebi officials express privacy concerns over public asset disclosure. Pandey discusses...

New Labour Codes: Supply Chains, Wages, Skilling

New Labour Codes in India aim for frictionless supply chains, universal wage coverage,...

Fidelity Buys 6.3% Stake in Meesho

Fidelity International acquires a 6.3% stake in e-commerce firm Meesho. The stake is...

Wipro & Google Cloud Deploy Gemini AI

Wipro expands Google Cloud partnership to deploy Gemini AI across operations. Jointly...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com