{"id":28831,"date":"2025-03-04T14:21:42","date_gmt":"2025-03-04T08:51:42","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=28831"},"modified":"2025-10-05T19:25:38","modified_gmt":"2025-10-05T13:55:38","slug":"gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/","title":{"rendered":"GST collections rose by 9.1% to Rs. 1.84 lakh Cr in Feb 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d6d8ae96f55\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d6d8ae96f55\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/#GST_collections_rose_by_91_percentage_points_to_about_INR_184_lakh_crore_in_Feb_2025\" title=\"GST collections rose by 9.1 percentage points to about INR 1.84 lakh crore in Feb 2025\">GST collections rose by 9.1 percentage points to about INR 1.84 lakh crore in Feb 2025<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/#Basic_Key_Insights_from_February_2025_GST_Collections\" title=\"Basic Key Insights from February 2025 GST Collections\">Basic Key Insights from February 2025 GST Collections<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/#Growth_in_Gross_GST_Collections_with_Key_Drivers_of_Growth\" title=\"Growth in Gross GST Collections with Key Drivers of Growth\">Growth in Gross GST Collections with Key Drivers of Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/#Fiscal_Year-to-Date_April_2024_%E2%80%93_February_2025_Performance\" title=\" Fiscal Year-to-Date (April 2024 \u2013 February 2025) Performance\"> Fiscal Year-to-Date (April 2024 \u2013 February 2025) Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/#Implications_Outlook_on_February_2025_GST_Collections\" title=\"Implications &amp; Outlook on February 2025 GST Collections\">Implications &amp; Outlook on February 2025 GST Collections<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/#Indias_GST_collections_for_September_2025\" title=\"India\u2019s GST collections for September 2025\">India\u2019s GST collections for September 2025<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/#Why_Net_Collections_Grew_Slower\" title=\"Why Net Collections Grew Slower\">Why Net Collections Grew Slower<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/#Component-Wise_Breakdown_Gross_vs_Net\" title=\"Component-Wise Breakdown (Gross vs Net)\u00a0 : \">Component-Wise Breakdown (Gross vs Net)\u00a0 : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/#Cumulative_Performance_Apr%E2%80%93Sep_2025\" title=\"Cumulative Performance (Apr\u2013Sep 2025)\">Cumulative Performance (Apr\u2013Sep 2025)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/gst-collections-rose-by-9-1-to-rs-1-84-lakh-cr-in-feb-2025\/#Rajput_Jain_and_Associates_Expert_Opinions\" title=\"Rajput Jain and Associates Expert Opinions\">Rajput Jain and Associates Expert Opinions<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-28388\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/01\/GST.jpg\" alt=\"55th-gst-council-meeting\" width=\"1000\" height=\"562\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/01\/GST.jpg 1000w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/01\/GST-300x169.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/01\/GST-768x432.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/01\/GST-800x450.jpg 800w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"GST_collections_rose_by_91_percentage_points_to_about_INR_184_lakh_crore_in_Feb_2025\"><\/span><span style=\"color: #000080;\"><strong>GST collections rose by 9.1 percentage points to about INR 1.84 lakh crore in Feb 2025<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Basic_Key_Insights_from_February_2025_GST_Collections\"><\/span><span style=\"color: #000080;\"><strong>Basic Key Insights from February 2025 GST Collections<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 9.1% YoY rise in gross GST collections to \u20b91.84 trillion in February 2025 reflects sustained domestic consumption and a potential economic revival. However, the collections are lower than \u20b91.96 trillion in January 2025, which could be due to seasonal factors or month-end tax adjustments. Domestic GST revenues rose 10.2% YoY to \u20b91.42 trillion, suggesting improved business activity and compliance. GST on imports grew 5.4% to \u20b941,702 crore, indicating steady but cautious import demand. Breakdown of Collections:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>CGST: \u20b935,204 crore<\/li>\n<li>SGST: \u20b943,704 crore<\/li>\n<li>IGST: \u20b990,870 crore (including \u20b941,702 crore from imports)<\/li>\n<li>Compensation Cess: \u20b913,868 crore<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Refunds: \u20b920,889 crore, a 17.3% YoY increase, implying better processing efficiency.<\/p>\n<p>Net GST Collections: \u20b91.63 trillion, up 8.1% YoY.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Growth_in_Gross_GST_Collections_with_Key_Drivers_of_Growth\"><\/span><span style=\"color: #000080;\"><strong>Growth in Gross GST Collections with Key Drivers of Growth<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>February 2025 collections: INR 1.84 lakh crore (up 9.1% YoY from INR \u00a01.68 lakh crore in Feb 2024). Net GST collections: INR \u00a01.63 lakh crore (up 8.1% YoY from INR \u00a01.50 lakh crore in Feb 2024). Lower than January 2025\u2019s \u00a0INR 1.96 lakh crore, possibly due to seasonal factors.<\/li>\n<\/ul>\n<ul>\n<li>Domestic GST revenue surged 10.2% to INR 1.42 lakh crore, reflecting strong consumption and economic momentum. GST on imports grew 5.4% to INR \u00a041,702 crore, indicating relatively moderate trade activity.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Fiscal_Year-to-Date_April_2024_%E2%80%93_February_2025_Performance\"><\/span><span style=\"color: #000080;\"><strong> Fiscal Year-to-Date (April 2024 \u2013 February 2025) Performance<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-28382\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/01\/GST_4_Blog.jpg\" alt=\"GST_Blog\" width=\"1152\" height=\"603\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/01\/GST_4_Blog.jpg 800w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/01\/GST_4_Blog-300x157.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/01\/GST_4_Blog-768x402.jpg 768w\" sizes=\"(max-width: 1152px) 100vw, 1152px\" \/><\/p>\n<ul>\n<li>Gross GST collections: INR 20.13 lakh crore (9.4% YoY growth).<\/li>\n<li>Net GST collections: INR \u00a017.79 lakh crore (8.6% YoY growth).<\/li>\n<li>Moderate Import Growth: Comparative Analysis:<\/li>\n<\/ul>\n<table style=\"height: 314px;\" width=\"1131\">\n<thead>\n<tr>\n<td>Month<\/td>\n<td>Gross GST (INR Trillion)<\/td>\n<td>Net GST (Trillion)<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Feb 2025<\/td>\n<td>1.84<\/td>\n<td>1.63<\/td>\n<\/tr>\n<tr>\n<td>Jan 2025<\/td>\n<td>1.96<\/td>\n<td>NA<\/td>\n<\/tr>\n<tr>\n<td>Feb 2024<\/td>\n<td>1.68<\/td>\n<td>1.50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Compared to February 2024, gross collections were \u20b91.68 lakh crore, and net collections were INR 1.50 lakh crore, reflecting steady growth in 2025. The lower collections in February compared to January could be due to a post-festive season dip in consumption, Possible deferment of payments post-January deadline, and industry-specific fluctuations. This trend suggests robust economic performance and consistent GST compliance, but the relatively lower growth in import revenues compared to domestic revenues may indicate a shift in consumption patterns or external trade dynamics.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Implications_Outlook_on_February_2025_GST_Collections\"><\/span><span style=\"color: #000080;\"><strong>Implications &amp; Outlook on February 2025 GST Collections<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Continued economic momentum with strong domestic demand. Maha Kumbh and fiscal year-end activities could boost next month\u2019s revenue.<\/li>\n<\/ul>\n<ul>\n<li>Some states underperformed, requiring policy focus on regional growth trends. And Robust GST collections support a lower-than-expected fiscal deficit.<\/li>\n<li>Slower growth in import revenues could indicate cautious trade trends. Strong domestic GST growth suggests continued economic stability.<\/li>\n<li>Improved compliance and refund processing, benefiting businesses.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/carajput.com\/archives\/gst-analysis-of-gross-gst-collection-in-jan-2025.pdf\">GST Analysis of Gross GST collection in Jan 2025<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indias_GST_collections_for_September_2025\"><\/span><span style=\"color: #000080;\"><strong>India\u2019s GST collections for September 2025<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>India\u2019s GST collections for September 2025 (reflecting August transactions) stood at INR 1.89 lakh crore, marking a 9.1% year-on-year growth. However, net GST receipts\u2014after accounting for refunds\u2014grew at a slower pace of 5%, totaling INR 1.60 lakh crore. Here&#8217;s a breakdown of the key factors behind this divergence &amp; Why Gross Collections Rose<\/p>\n<p>Strong Import Activity: GST from imports surged 15.6% to INR 52,492 crore, indicating robust trade. \u00a0&amp; Domestic Consumption: Domestic GST collections rose 6.8%, supported by resilient demand despite anticipated rate cuts. Businesses preemptively adjusted prices ahead of GST rate changes effective from September 22, which helped maintain momentum.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_Net_Collections_Grew_Slower\"><\/span><span style=\"color: #000080;\"><strong>Why Net Collections Grew Slower<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Refund Surge: Refunds rose 40.1% to INR 28,657 crore in September. Domestic refunds increased by 52.2%. &amp; Export-related refunds rose by 26.9%.<\/li>\n<li>Policy Changes: The GST 2.0 reforms, including slab rationalization and improved compliance mechanisms, led to faster refund processing.<\/li>\n<li>Compliance Improvements: Higher refund volumes also reflect better documentation and filing by businesses, especially exporters and MSMEs<strong>.<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Component-Wise_Breakdown_Gross_vs_Net\"><\/span><span style=\"color: #000080;\"><strong>Component-Wise Breakdown (Gross vs Net)\u00a0 : <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 377px;\" width=\"1037\">\n<thead>\n<tr>\n<td><strong>Component<\/strong><\/td>\n<td><strong>Gross Collection (INR \u00a0crore)<\/strong><\/td>\n<td><strong>Net Collection (INR \u00a0crore)<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>CGST<\/strong><\/td>\n<td><strong>33,645<\/strong><\/td>\n<td><strong>30,247<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>SGST<\/strong><\/td>\n<td><strong>41,836<\/strong><\/td>\n<td><strong>37,553<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>IGST<\/strong><\/td>\n<td><strong>1,01,883<\/strong><\/td>\n<td><strong>81,706<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Cess<\/strong><\/td>\n<td><strong>11,652<\/strong><\/td>\n<td><strong>10,853<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Total<\/strong><\/td>\n<td><strong>1,89,017<\/strong><\/td>\n<td><strong>1,60,360<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Cumulative_Performance_Apr%E2%80%93Sep_2025\"><\/span><span style=\"color: #000080;\"><strong>Cumulative Performance (Apr\u2013Sep 2025)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Gross GST: INR 11.93 lakh crore (+9.8% YoY)<\/li>\n<li>Net GST: INR 10.38 lakh crore (+8.3% YoY)<\/li>\n<li>Refunds: INR 1.55 lakh crore (+21% YoY)<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Rajput_Jain_and_Associates_Expert_Opinions\"><\/span><span style=\"color: #000080;\"><strong>Rajput Jain and Associates Expert Opinions<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>India is resilient against global economic challenges. GST collections are on target, contributing to a lower revised fiscal deficit of 4.8% (vs. 4.9% budgeted).<\/li>\n<li>Major manufacturing and consuming states (Haryana, UP, Maharashtra, TN, MP, Karnataka) reported 10-20% GST growth. Increased refund disbursements ease working capital pressures for businesses. Some states lagged behind (Telangana, Gujarat, Assam, AP, Odisha with 1-4% growth), requiring further analysis.<\/li>\n<li>Growth in domestic GST signals Q4 economic revival. Maha Kumbh event may further boost collections in March 2025. Higher domestic GST growth vs import GST reflects Atma Nirbhar Bharat policies.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>GST collections rose by 9.1 percentage points to about INR 1.84 lakh crore in Feb 2025 Basic Key Insights from February 2025 GST Collections The 9.1% YoY rise in gross GST collections to \u20b91.84 trillion in February 2025 reflects sustained domestic consumption and a potential economic revival. However, the collections are lower than \u20b91.96 trillion &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[6375],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/28831"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=28831"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/28831\/revisions"}],"predecessor-version":[{"id":30124,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/28831\/revisions\/30124"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=28831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=28831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=28831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}