Net GST collection rises only 3.3%

Slow revenue growth primarily because of subdued mop-up from domestic transactions

- DIPAK MONDAL @ New Delhi

AFTER showing stellar rise in April and May, the GST revenue growth dropped to low single digit in June, primarily due to subdued mop-up from domestic transactions, indicating moderation in economic activities.

The gross GST revenue showed a growth of 6.2% to ₹1.85 lakh crore in June 2025 as against ₹1.74 lakh crore a year ago. Gross collections from domestic transactions—which account for 75% of the monthly collections—grew by only 4.6% during the month. Collections from imports/exports rose by 11.4%, bringing some semblance of respectability. The net GST collection during the month was even worse, growing at 3.3% to ₹1.59 lakh crore, as refunds grew by 28.5%.