The Goods and Services Tax (GST) collection in June came in at ？1.85 trillion, reflecting a 6.2 per cent year-on-year (y-o-y) rise, according to government data.
However, the June collections marked a decline when compared to the previous month. In May 2025, the Centre collected ？2.01 trillion, while April witnessed a record-high GST revenue of ？2.37 trillion.
According to official data, domestic transactions contributed approximately ？1.38 trillion in gross revenue in June, marking a 4.6 per cent increase over the same period last year. Revenue generated from imports also saw an upswing, growing by 11.4 per cent to reach ？45,690 crore.
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Breakdown: Central GST (CGST): ？34,558 crore, State GST (SGST): ？43,268 crore Integrated GST (IGST): ？93,280 crore. Revenue from cess: ？13,491 crore
Meanwhile, total refunds issued during the month rose significantly—by 28.4 per cent y-o-y—to ？25,491 crore, reported PTI.
The net GST revenue after refunds was approximately ？1.59 trillion, representing a 3.3 per cent increase compared to June last year.
Reacting to GST collections, Pratik Jain, partner PwC said that it indicates a softening of demand and cautious outlook.
“Around 6 per cent growth in GST collections, coupled with less than 4 per cent growth in advance tax collection for first quarter of FY 26 does indicate softening of demand and cautious outlook. One of the reasons could be conservative spending by the consumers which may improve in next couple of months with overall geopolitical situation improving," Jain said.
(With inputs from PTI.)
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On the eighth anniversary of the Goods and Services Tax (GST) roll out, Prime Minister Narendra Modi on Tuesday said the indirect tax regime stands out as a landmark reform that has reshaped India's economic landscape.
He said on X, "By reducing the compliance burden, it has greatly improved the ease of doing business, particularly for small and medium enterprises. GST has also served as a powerful engine for economic growth, while fostering true cooperative federalism by making states equal partners in this journey to integrate India's market."
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The GST, which was implemented from July 1, 2017, has unified 17 taxes and 13 cesses, creating a seamless national market by simplifying compliance and digitising tax systems. It has also expanded the taxpayer base and strengthened cooperative federalism, the government has said.
The gross GST collections in the first year of operation (nine months) were ？7.40 lakh crore. Over the years, it has witnessed exponential growth, it said.
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In 2024-25, gross GST collections hit a record ？22.08 lakh crore, marking a year-on-year growth of 9.4 per cent. This rise reflects the growing formalisation of the economy and improved tax compliance.
Annual GST revenues nearly tripled, rising from ？7 lakh crore in FY 2017-18 to ？22 lakh crore in FY 2024-25, the finance ministry has said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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