Economy and Policy

Gross GST Collection Rises 7.5% to ₹1.96 Lakh Crore in July; Refunds Surge 67%

The Centre reports a 7.5% year-on-year growth in GST revenue for July 2025, while refunds see a significant jump, indicating streamlined processing and compliance.

Gross GST Collection Rises
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Gross GST collection increased 7.5% to about ₹1.96 lakh crore in July on higher domestic revenues.

Gross Goods and Services Tax (GST) mop-up was ₹1.82 lakh crore in July 2024. Last month, the collection was ₹1.84 lakh crore.

The gross domestic revenue grew 6.7% to ₹1.43 lakh crore, while tax from imports rose 9.5% to ₹52,712 crore.

GST Refunds shot up 66.8% year-on-year to ₹27,147 crore.

The net GST revenue stood at ₹1.69 lakh crore in July 2025, recording a 1.7% year-on-year growth.

EY India Tax Partner Saurabh Agarwal said that despite some global pressures and temporary dips, the overall trend shows a stable consumption pattern and consistent growth trajectory of the economy.

"The government's timely refund process is also a great help to businesses, ensuring they have the working capital they need," Agarwal added

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