Gross Items and Providers Tax (GST) assortment grew 9.9 per cent in March to over Rs 1.96 lakh crore – the second-highest mop-up ever, authorities knowledge confirmed on Tuesday.
GST income from home transactions rose 8.8 per cent to Rs 1.49 lakh crore, whereas income from imported items was greater 13.56 per cent to Rs 46,919 crore.
The gross assortment consists of Central GST mop-up of Rs 38,145 crore, State GST assortment of Rs 49,891 crore and Built-in GST (IGST) of Rs 95,853 crore. Cess assortment throughout March stood at Rs 12,253 crore.
Whole refunds throughout March rose 41 per cent to Rs 19,615 crore.
After adjusting refunds, web GST income stood at over Rs 1.76 lakh crore in March 2025, a 7.3 per cent progress over the year-ago interval.
GST assortment had hit a document excessive of Rs 2.10 lakh crore in April 2024.
Deloitte India Associate MS Mani mentioned the 9.9 per cent improve in gross GST assortment for the month displays the affect of year-end gross sales push by companies.
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“It is vitally encouraging to see that this isn’t an remoted occasion as GST collections have proven a gradual improve each month mirrored by the 9.4 per cent improve in annual Gross GST collections,” Mani mentioned.
Gross GST assortment throughout April-March stood at Rs 22.08 lakh crore, a 9.4 per cent Y-o-Y progress.
“There continues to be a large variation within the progress charges of GST collections throughout key manufacturing and consuming states . Whereas states like Maharashtra, Haryana, UP, Rajasthan have proven a progress exceeding 10 per cent, different states like Gujarat, Karnataka, Telengana, AP, Tamil Nadu have been within the vary of -1 per cent to 7 per cent, which may be very uncommon for the month of March. There’s a want to know the explanations for a similar by evaluating the sectoral progress and compliance charges in these states,” Mani mentioned.
KPMG in India, Associate and Head, Oblique Tax, Abhishek Jain mentioned, an almost 10 per cent progress in collections in comparison with final 12 months displays financial stability and powerful tax compliance by corporations.
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“With fiscal year-end changes and reconciliations underway, we are able to count on an extra surge in month-on-month progress within the subsequent set of assortment,” Jain added.