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Feb GST collection nears ₹1.84L-cr as biz activity picks up
Hindustan Times
|March 02, 2025
The Gross Goods and Services Tax (GST) revenue in February neared ₹1.84 lakh crore, posting a 9.1% year-on-year increase on the back of strong domestic business activity, according to official data released on Saturday.
The gross GST collections in February that stood at ₹1,83,646 crore were, however, lower than the ₹1,95,506 crore collected in the previous month (January), the date showed.
Net GST collections in February managed an 8.1% y-o-y growth at ₹1,62,758 crore with a 17.3% jump in refunds at ₹20,889 crore as compared to ₹17,810 crore refunded in the same month of 2024.
According to the data, gross GST collections from domestic businesses in February 2025 totalled ₹1,41,945 crore, recording 10.2% annualised growth, but gross collections from imports were merely ₹41,702 crore, showing only 5.4% growth. Net domestic collections (post refunds) were ₹1,31,178 crore, posting a 9.3% annualised growth as compared to a 3.6% increase in import revenues at ₹31,579 crore.
This story is from the March 02, 2025 edition of Hindustan Times.
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