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Net GST revenue growth slows to 1.7%

August 02, 2025

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The New Indian Express Kochi

AFTER a moderate performance in June, Goods and Services Tax (GST) revenue growth continued to slow in July 2025, with net collections rising only 1.7% year-on-year to ₹1.69 lakh crore.

- ENS ECONOMIC BUREAU @ New Delhi

AFTER a moderate performance in June, Goods and Services Tax (GST) revenue growth continued to slow in July 2025, with net collections rising only 1.7% year-on-year to ₹1.69 lakh crore. The subdued performance was largely due to stagnant revenue from domestic transactions, even as revenue from imports showed double-digit growth.

The gross GST revenue in July stood at ₹1.96 lakh crore, up 7.5% from ₹1.82 lakh crore collected in the same month last year. However, after adjusting for refunds, net GST revenue came in at ₹1,68,588 crore, marginally higher than ₹1,65,800 crore collected in July 2024.

المزيد من القصص من The New Indian Express Kochi

The New Indian Express Kochi

Guj ATS foils suspected ISIS-K ricin terror plot

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The New Indian Express Kochi

The New Indian Express Kochi

India looks to press for fairer finance, economic security at COP30 talks

CONTINUED FROM PAGE 1

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The New Indian Express Kochi

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UTIOUS OPTIMISM

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The New Indian Express Kochi

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Private buses halt services to TN, K’taka over ‘unlawful’ tax

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The New Indian Express Kochi

Israel recovers remains of soldier held since 2014

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The New Indian Express Kochi

RSS identified as a body of individuals, says Bhagwat

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The New Indian Express Kochi

Assam Cabinet approves bill banning polygamy; convicts to get 7-year jail

THE Assam Cabinet on Sunday approved a bill to ban polygamy, for which convicts may face up to seven years of rigorous imprisonment.

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The New Indian Express Kochi

WHAT IS MARKET INTEGRITY?

If you have integrity, nothing else matters. If you don’t have integrity, nothing else matters. An American politician, Alan K. Simpson, who represented the US state of Wyoming in the US Senate and the Congress, once made this remarkable statement. Tuhin Kanta Pandey, the chairman of the Securities and Exchange Board of India, last week spoke on investor protection and market integrity.

time to read

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The New Indian Express Kochi

SINGING OUR SOULS AWAKE

A new trend is reportedly rocking young India called ‘bhajan clubbing’, in which Gen Z gathers in various spaces for sessions of singing and dancing to remixed devotional songs.

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