Record GST Collections Highlight Strength of Indian Economy, Says FM Sitharaman

In April, India hit a remarkable milestone with its Goods and Services Tax (GST) collections reaching ₹2.36 lakh crore. This represents a significant 12.6% growth compared to last year, when the collections stood at ₹2.10 lakh crore. Such figures highlight the resilience of the Indian economy, especially as businesses continue to bounce back post-pandemic.

Union Finance Minister Nirmala Sitharaman attributed this success to cooperative federalism. She expressed gratitude to taxpayers for their contributions, emphasizing that their support is crucial for national progress. This shared commitment, she noted, aims to build a developed India, or “Viksit Bharat.”

In April 2025, the net GST collections reached ₹2.09 lakh crore, marking a 9.1% increase from ₹1.92 lakh crore in April 2024. The rise in collections can be linked to increased economic activity and improved compliance with tax regulations.

Looking at the detailed breakdown, GST collections from domestic transactions rose by 10.7% to ₹1.9 lakh crore. Moreover, revenue from imported goods surged by 20.8% to ₹46,913 crore. Refunds also climbed sharply, with ₹27,341 crore issued in April, reflecting a 48.3% increase. Effective tax compliance and growing economic activities have contributed to this positive trend.

For context, March 2025 had already shown promising signs, with GST collections up by 9.9% compared to the previous year, totaling ₹1.96 lakh crore. February 2025 recorded slightly lower collections at ₹1.84 lakh crore, indicating a steady upward trajectory.

States like Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Uttar Pradesh were instrumental in driving these collections, showing a diverse participation across the country. This indicates that various regions are experiencing economic growth, helping to contribute to the national tax revenue.

As the Indian economy continues to stabilize, understanding these trends will be vital. According to data from the Ministry of Finance, the continued growth in GST collections is a strong indicator of the economic recovery underway. As businesses adapt to new norms, their increasing contributions could pave the way for a brighter economic future.

For further insights on GST trends and economic forecasts, check out the [Ministry of Finance](https://www.finmin.nic.in) for detailed reports and updates.

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Economy,Indian economy,Union Finance Minister Nirmala Sitharaman,GST collection