India’s Goods and Services Tax (GST) collections for March 2025 increased by 9.9% year-on-year, reaching ₹1.96 lakh crore. This surge follows a 9.1% rise in February, driven by higher domestic tax receipts, reflecting robust economic activity and improved compliance.
India’s Goods and Services Tax (GST) collections for March 2025 reached ₹1.96 lakh crore, marking a 9.9% increase compared to the same period last year. This rise in collections comes after a previous increase of 9.1% in February, when the GST collections stood at ₹1.83 lakh crore, driven by a significant boost in the tax receipts from domestic sources.
The surge in GST collections reflects strong economic activity, supported by increased consumption and a rise in business transactions across various sectors. The government’s push for digitization and improved compliance has also played a crucial role in enhancing tax revenue collection.
The GST Council, a key decision-making body for the indirect tax system in India, has been working to streamline and simplify the tax structure in the country, resulting in higher tax collections and improved compliance rates.
This uptick in GST receipts is seen as a positive sign for the country’s fiscal health, signaling a robust economic recovery and increased financial stability. Experts predict that such growth could help in meeting the revenue targets set for the fiscal year.
