By The Sampadak Express
India’s Goods and Services Tax (GST) collections surged to an all-time high of ₹2.37 lakh crore in April 2025, marking a 12.6% year-on-year increase, according to data released by the Finance Ministry on Thursday. This figure surpasses the previous record of ₹2.10 lakh crore set in April 2024.
The robust mop-up includes ₹1.9 lakh crore from domestic transactions—a 10.7% rise compared to the previous year—and ₹46,913 crore from import-related GST, reflecting a sharp 20.8% growth.
After accounting for refunds worth ₹27,341 crore—up 48.3% from a year ago—the net GST revenue stood at ₹2.09 lakh crore, representing a 9.1% increase.
Breakdown of April Collections:
Central GST (CGST): ₹48,634 crore
State GST (SGST): ₹59,372 crore
Integrated GST (IGST): ₹69,504 crore
Cess: ₹12,293 crore
Industry experts attribute the record collections to strong economic activity in March 2025, with Deloitte India Partner M.S. Mani noting that the consistent growth across both producing and consuming states reflects a broad-based economic expansion. “States witnessed uniform growth in the 11%–16% range, unlike previous months where some lagged,” he said.
Saurabh Agarwal, Tax Partner at EY, highlighted that the increased GST refunds have eased liquidity pressures on businesses. “This is a positive signal, especially amid global economic uncertainties. The benefits are likely to trickle down to consumers in the medium to long term,” he said.
Abhishek Jain, Head & Partner, Indirect Tax at KPMG, added that year-end tax reconciliation by businesses also played a key role in boosting collections. “This milestone indicates not just recovery but sustained economic growth.”
Looking ahead, experts caution there may be a moderation in GST collections next month due to global headwinds. However, the overall economic outlook for India remains positive.
