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Net GST revenue growth slows to 1.7%

The Morning Standard

|

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.

- ENS ECONOMIC BUREAU @ New Delhi

Net GST revenue growth slows to 1.7%

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.

The Morning Standard'den DAHA FAZLA HİKAYE

The Morning Standard

The Morning Standard

Gaza family says 11-year-old girl was killed by Israeli fire despite ceasefire

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The Morning Standard

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Centre orders retirement of ED officer probing gold theft

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DO NOT POLITICISE STONE PELTING INCIDENT: SOOD

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Each day US throwing fresh challenge: Cong

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The Morning Standard

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No physical inspection at RTO for 1st time vehicle registration in T'gana

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Govt borrowing in FY27 may reach ₹15 lakh cr

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The Morning Standard

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'Babus not working for common people', BJP MLAs tell Gujarat CM

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time to read

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