By Siddhi Nawar
India’s Goods and Services Tax (GST) Revenue for March 2025 stood at Rs.1,96,141 crore, marking a 9.9% increase from Rs. 1,78,484 in March 2024, as indicated by the country’s gross and net GST collections data. This number marks the country’s highest GST revenue, since April 2024.
In the past month, the country’s total GST earnings stood at Rs.1,83,646 crore.
In March, India’s gross domestic revenue was recorded to Rs.1,49,222 crore, marking an 8.8% increase from Rs. 1,37,166 crore in March 2024.
Revenue from Imports
The gross import revenue stood at Rs. 46,919 crore, showing a 13.6% increase from Rs. 41,318 crore in March 2024. The IGST collections accounted for Rs. 45,782 crores, highlighting an increase in trade activities. The amount of CESS collected on imports grew to Rs. 1,137 crore from Rs. 996 crores in March 2024.
Net Revenue Collections
After accounting for refunds, the Net GST Revenue for March 2025 stood at Rs. 1,76,526 crore, marking a 7.3% increase from Rs.1,64,592 in March 2024.
The Net GST Revenue in February 2025 stood at Rs. 1,50,528 crore, highlighting a substantial increase in revenue.
Regional Growth Variations
In terms of interstate GST collections, Maharashtra led the nation, recording Rs. 31,534 crore, followed by Karnataka with Rs. 13,497 crore. Gujarat secured the third position with Rs. 12,095 crore, while Tamil Nadu and Uttar Pradesh collected Rs. 11,795 crore and Rs. 9,956 crore, respectively. These states continue to be the economic powerhouses, contributing significantly to the nation’s GST revenue.On the other hand, some Union Territories and smaller states had the lowest GST collections. Lakshadweep reported the lowest revenue at Rs. 3 crore, followed by Andaman and Nicobar Islands with Rs. 51 crore. Mizoram and Ladakh recorded Rs. 46 crore and Rs. 48 crore, respectively, while Nagaland collected Rs. 85 crore. These regions, with smaller industrial and commercial bases, naturally see lower GST revenues compared to larger states.
Sharing their views on the GST collections for the final month of FY25, Abhishek Jain, Indirect Tax Head & Partner, KPMG said, “A nearly 10% growth in collections compared to last year reflects economic stability and strong tax compliance by companies. With fiscal year-end adjustments and reconciliations underway, we can expect a further surge in month-on-month growth in the next set of collection”
GST Collections so far
