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Net GST revenue growth slows to 1.7%
The New Indian Express Kannur
|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.
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