Published on May 2, 2025
Current Affairs
Goods and Services Tax (GST)
Goods and Services Tax (GST)

♦ Goods and Services Tax (GST) collection rose 12.6 percent to an all-time high of about Rs 2.37 lakh crore in April 2025 compared to the same month last year.

♦ The GST mop-up was Rs 2.10 lakh crore in April 2024, the second highest collection ever since the roll-out of the indirect tax regime on July 1, 2017. In March 2025, the collection was Rs 1.96 lakh crore.

♦ GST revenue from domestic transactions rose 10.7 percent to about Rs.1.9 lakh crore, while revenue from imported goods was up 20.8 percent to Rs.46,913 crore.

♦ Refunds issuance rose 48.3 per cent to Rs.27,341 crore during April.

♦ After adjusting refunds, net GST collection rose 9.1 percent to over Rs.2.09 lakh crore in April.