Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Net GST revenue growth slows to 1.7%
The New Indian Express Mangaluru
|August 02, 2025
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.
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.
This story is from the August 02, 2025 edition of The New Indian Express Mangaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Mangaluru
The New Indian Express Mangaluru
Zubeen Garg of 'Ya Ali' fame dies in Singapore scuba diving accident
UBEEN Garg, the 52-year-old cultural icon of Assam and a heartthrob of the younger generation, passed away on Friday in Singapore, leaving behind a rich legacy.
1 min
September 20, 2025
The New Indian Express Mangaluru
Hydrogen fuel to power upper stage rocket of Ist manned moon mission
THE Indian Space Research Organisation (ISRO) is working on developing a hydrogen fuel-propelled upper stage rocket of 60-70 tonnes capacity for launching India’s first manned moon mission, aimed at being undertaken by 2040.
1 min
September 20, 2025
The New Indian Express Mangaluru
SC rejects plea, Banu can inaugurate Dasara festival
THE Supreme Court on Friday rejected an appeal, challenging the Karnataka High Court’s order not to interfere with the state government’s decision to invite International Booker Prizewinning author Banu Mushtaq to inaugurate Dasara festivities in Mysuru.
1 min
September 20, 2025
The New Indian Express Mangaluru
Not postponing caste survey, will start from Monday: CM
EVEN as there is pressure from ruling and opposition party leaders to postpone the Socio-Economic Survey (popularly known as caste survey), which is scheduled to start from Monday, Chief Minister Siddaramaiah categorically said on Friday that it will not be deferred.
1 min
September 20, 2025
The New Indian Express Mangaluru
Hydrogen fuel to power upper stage rocket of 1st manned moon mission
THE Indian Space Research Organisation (ISRO) is working on developing a hydrogen fuel-propelled upper stage rocket of 60-70 tonnes capacity for launching India’s first manned moon mission, aimed at being undertaken by 2040.
1 min
September 20, 2025
The New Indian Express Mangaluru
PRICE WAR VROOMS
MAHINDRA JOINS MARUTI IN PRICE CUTS AFTER GST RATIONALISATION, ADDS BENEFITS TOTALLING ₹2.56 LAKH
1 mins
September 20, 2025
The New Indian Express Mangaluru
K-point in India, Canada NSA talks
IN a key step towards mending diplomatic ties, National Security Adviser Ajit Doval held bilateral security consultations with his Canadian counterpart Nathalie Drouin in New Delhi on Thursday.
1 mins
September 20, 2025
The New Indian Express Mangaluru
HINDENBURG ROW Sebi gives clean chit to Adani
MARKETS watchdog Sebi on Thursday dismissed all charges levelled by the now-shuttered US-based short-seller Hindenburg Research against the Adani group, its founder Gautam Adani, his brother, and a few top executives including group CFO Jugeshinder Singh.
1 min
September 19, 2025
The New Indian Express Mangaluru
Fresh Rahul-CEC sparring on 'vote theft' in Karnataka
IN yet another exposé on 'vote theft', Congress leader Rahul Gandhi on Thursday claimed large-scale irregularities in Karnataka’s Aland constituency, accusing Chief Election Commissioner (CEC) Gyanesh Kumar of 'protecting those murdering democracy'.
1 mins
September 19, 2025
The New Indian Express Mangaluru
Pak flip-flop delays match
THE Asia Cup continues to deliver drama.
1 min
September 18, 2025
Listen
Translate
Change font size