India’s Goods and Services Tax (GST) Revenue for January 2025 stood at Rs. 1,95,506 crores, marking a 12.3% increase from Rs. 1,74,106 crores in January 2024, as indicated by the country’s gross and net GST collections data. This number marks the country’s highest GST revenue, since April 2024.
In December 2024, the nation’s total GST earnings stood at Rs. 1,76,857 crores.
GST collections for the month of December grew 7.3 per cent year-on-year at Rs 1.77 Lakh Crore witnessing a dip compared to Rs 1.82 Lakh Crore in November 2024. Maharashtra recorded the highest GST collections among all states, registering Rs 29,260 crore, a 9 per cent year-on-year increase compared to December 2023.
Commenting on the GST collections, Abhishek Jain, Indirect Tax Head & Partner, KPMG says, “GST collections in January 2025 have shown an impressive growth of 12.5 percent year on year. This consistent increase could indicate an uptick in economic growth and sustained tax compliance by businesses. Notably, the growth in collections despite higher refunds is commendable, suggesting improved efficiency in refund processing by the department—an encouraging step toward enhancing ease of doing business.”
Domestic Revenue
India’s gross domestic revenue was recorded to Rs. 1,47,124 crore, marking a 10% increase from Rs. 1,33,705 crore in January 2024.
Revenue from Imports
The gross import revenue stood at Rs. 48,382 crores, showing a 19.8% increase from 40,401crore in January 2024. The IGST collections alone amounted to Rs. 47,453 crores, highlighting an increase in trader activities. The amount of cess collected on imports also grew to Rs. 929 crores, from Rs. 803 crores in January 2024.
Net Revenue Collections
After accounting for refunds, the Net GST Revenue for January 2025 stood at Rs. 1,71,653 crore, marking a 10.9% increase from Rs. 1,54,851 in January 2024.
The Net GST Revenue in December 2024 stood at Rs. 1,54,366 crore, highlighting a substantial increase in revenue.
Regional Growth Variations
The state wise GST collections for the month of January were led by Maharashtra at Rs. 32,335 crore, followed by Gujarat at Rs. 12,135 crore, Karnataka at Rs. 14,353 crore, Tamil Nadu at Rs. 11,496 crore and Haryana at Rs. 10,284 crore.
On the lower end, Lakshadweep recorded the lowest GST collection at Rs 1 crore, followed by Manipur (Rs. 56 crore), Mizoram (Rs. 35 crore), Andaman and Nicobar Islands (Rs. 43 crore), and Nagaland (Rs. 65 crore).
GST Collections so far
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