Gross GST collections in FY25 rose at slower pace of 9.4%

From April-March period of financial year 2024-25 (FY25), total refunds grew by 16.4 per cent Y-o-Y to ₹2.52 trillion.

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Cumulatively, from April-March FY25, growth in total gross GST collections rose at a slower pace of 9.4 per cent Y-o-Y, compared to 11.7 per cent in FY24.

The growth in net GST collections at 8.6 per cent in FY25, as per the latest government data, stood below the revised estimate in the Budget at 10.9 per cent.