Page Contents
Overall Monthly Collection: The GST collection for March 2025 witnessed a notable rise, totaling INR 1,96,141 crore, reflecting a 9.9% year-on-year (YoY) growth over INR 1,78,484 crore collected in March 2024. This marks a stronger growth compared to the 9.1% YoY growth recorded in February 2025. Key Components—March 2025
CGST: INR 38,145 crore
SGST: INR 49,891 crore
IGST: INR 95,853 crore
Cess: INR 12,253 crore
While revenue from imports grew by 13.5%, domestic transactions registered a YoY growth of 8.8%, showing strong import-related collections.
The government also released state-wise gross GST revenue data for March 2025.
| Component | Mar 2024 (INR Cr) | Mar 2025 (INR Cr) | YoY Growth |
|---|---|---|---|
| CGST | 34,532 | 38,145 | — |
| SGST | 43,746 | 49,891 | — |
| IGST (Total) | 87,947 | 95,853 | — |
| CESS | 12,259 | 12,253 | — |
| Total Gross GST | INR 1,78,484 Cr | INR 1,96,141 Cr | 9.9% |
| Component | Mar 2024 (INR Cr) | Mar 2025 (INR Cr) | YoY Growth |
|---|---|---|---|
| CGST | 31,617 | 35,524 | — |
| SGST | 40,203 | 46,230 | — |
| IGST (Total) | 80,830 | 82,730 | — |
| CESS | 11,942 | 12,043 | — |
| Total Net GST | INR 1,64,592 Cr | INR 1,76,526 Cr | 7.3% |
| Component | FY 2023–24 (INR Cr) | FY 2024–25 (INR Cr) | Growth (%) |
|---|---|---|---|
| Gross GST Revenue | INR 20,18,249 | INR 22,08,861 | 9.4% |
| Net GST Revenue | INR 18,01,075 | INR 19,56,034 | 8.6% |
Total Refunds (Mar-25): INR 19,615 Cr vs INR 13,892 Cr in Mar-24 (+41.2%).
Yearly Refunds: INR 2.52 lakh Cr in FY 24–25 vs INR 2.17 lakh Cr in FY 23–24 (+16.4%).
| State | Growth YoY (%) |
|---|---|
| Tripura | 32% |
| Center Jurisdiction | 32% |
| Meghalaya | 26% |
| Andaman & Nicobar Islands | 60% |
| Bihar | 30% |
| State | Growth YoY (%) |
|---|---|
| Manipur | -18% |
| Mizoram | -8% |
| Himachal Pradesh | -3% |
| Jammu & Kashmir | -1% |
Maharashtra – ₹31,534 crore
Karnataka – ₹13,497 crore
Gujarat – ₹12,095 crore
Tamil Nadu – ₹11,795 crore
These states continue to be the backbone of India’s monthly GST revenue.
Several states and UTs showed exceptional growth (YoY over 20%), including:
Andaman & Nicobar Islands – 60%
Tripura – 32%
Bihar – 30%
Lakshadweep – 27%
Meghalaya – 26%
Goa – 20%
These figures reflect improved compliance, economic activity, or base effect gains.
Maharashtra saw a 14% growth, maintaining its lead as the highest revenue generator.
Karnataka, another major contributor, posted a 4% growth over the previous year.
IGST from imports grew from INR 40,322 Cr (Mar 2024) to INR 45,782 Cr (Mar 2025).
Export Refunds surged by 201.9%, from INR 2,679 Cr to INR 8,089 Cr in March alone.
The Net Domestic GST Revenue rose 9.3%, while Net Revenue from Customs (GST) saw a modest rise of 0.5%.
GST Revenue Update – May 2025
Govt to Roll Out Revamped GST Registration System from Nov 1, 2025 The Govt will launch a revamped Goods and… Read More
Less Than One % of Accounting Firms Have More Than ten Partners Each Indian government's plan to finalize revised guidelines… Read More
CAs may Soon Get to Advertise their CA Firms The article emphasizes that this change will modernize the profession, improve… Read More
Clarification on Reporting of TDS Payable under Clause 26 of the Tax Audit Report As per the Revised Guidance Note… Read More
Comparison of GSTR-1, GSTR-3B, GSTR-2A & GSTR-2B Difference of GST returns (GSTR-1, GSTR-3B, GSTR-2A, and GSTR-2B) along with their filing… Read More
India Has 2 million Lawyers But Are We Using Their Talent Well? Mministry of Law & Justice has informed Rajya… Read More