Key Highlights
- GST gross receipts rose to roughly ₹1.84 lakh crore, a 9.1 % increase over February 2024.
- Domestic tax contribution grew 10.2 % to ₹1.42 lakh crore; import‑related GST rose 5.4 % to ₹41,702 crore.
- After refunds, net GST amounted to about ₹1.63 lakh crore, marking an 8.1 % year‑on‑year gain.
- Enhanced compliance tools, faster refund processing, and steady demand for imports underpin the upward trend.
Detailed Insights
The February‑2025 GST ledger shows a composite gross collection of ₹1.84 lakh crore, split among four streams: CGST (₹35,204 crore), SGST (₹43,704 crore), IGST (₹90,870 crore, of which ₹41,702 crore stem from imports), and Compensation Cess (₹13,868 crore). Domestic revenue surged 10.2 %, reflecting robust consumer spending and industrial output. Import‑related GST climbed modestly, signalling resilient demand for foreign goods despite global headwinds.
Net collections, which deduct refunds of ₹20,889 crore—a 17.3 % rise from the previous year—stood at ₹1.63 lakh crore. The higher refund volume indicates that the tax administration is accelerating reimbursements, thereby improving liquidity for businesses and encouraging greater compliance.
Comparative figures for February 2024 reveal gross receipts of ₹1.68 lakh crore and net collections of ₹1.50 lakh crore, underscoring a consistent expansion of the tax base and heightened enforcement efficiency.
Key Concepts
- CGST (Central GST): Tax levied by the Union government on intra‑state supplies.
- SGST (State GST): Corresponding tax collected by state governments for the same intra‑state transactions.
- IGST (Integrated GST): Tax applicable to inter‑state sales and imports, consolidated at the central level.
- Compensation Cess: Additional levy imposed to offset revenue losses incurred by states during the GST transition.
- Net GST Collection: Gross GST receipts minus the amount refunded to taxpayers within the same period.