Saturday, March 1, 2025

Big Leap in Gross GST Collections for February, Up 9.1% to Reach This Many Lakh Crore

Must read

February GST Collection: In February, gross GST collections surged by 9.1% to approximately ₹1.84 lakh crore, according to official data released on Saturday. The total Goods and Services Tax (GST) revenue includes ₹1.42 lakh crore from domestic sources, showing a growth of 10.2%, and ₹41,702 crore from imports, showing a rise of 5.4%.

WhatsApp Channel Join Now
Telegram Channel Join Now

According to PTI reports, the breakdown of GST revenue for the month is as follows:

  • Central GST (CGST): ₹35,204 crore
  • State GST (SGST): ₹43,704 crore
  • Integrated GST (IGST): ₹90,870 crore
  • Compensation Cess: ₹13,868 crore

GST: Total Refunds Stood at ₹20,889 Crore

According to reports, the total refunds issued in February stood at Rs 20,889 crore, which is 17.3% higher than the same period last year.

Net GST collection grew by 8.1% to around ₹1.63 lakh crore in February 2025. Gross and net GST revenue in February 2024 were ₹1.68 lakh crore and ₹1.50 lakh crore, respectively.

Also Read: No Fuel for Old Vehicles, Anti-Smog Guns Mandatory – Delhi’s Plan to Tackle Pollution

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article