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Net GST collection rises only 3.3%
The New Indian Express Kannur
|July 02, 2025
Slow revenue growth primarily because of subdued mop-up from domestic transactions
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%.
This story is from the July 02, 2025 edition of The New Indian Express Kannur.
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