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GST collections increase 9.1% to RS 1.84 Lakh million rupees in February, national income increased by 10%

GST collections increase 9.1% to RS 1.84 Lakh million rupees in February, national income increased by 10%

The latest provisional data published on February 28, 2025 highlights a healthy increase in GST collections compared to February 2024. GST national revenues rose approximately 10.2 percent, with collections that increase from ₹ 1,28,760 million rupees to ₹ 1,41,945 Crore. Meanwhile, import income increased by 5.4 percent, indicating constant growth in cross -border commercial taxes.

A look closer to the figures reveals that the general revenues of GSTA, which includes national and important components, increased by approximately 9.1 percent, of ₹ 1,68,337 million rupees in the year prior to ₹ 1,83,646 million rupe 8.1 percent, the efforts of the height of the height of the government. collections.

According to the data, during the month, MOP of Central GST was 35,204 million rupees, GST of state at RS 43,704 million rupees, GST integrated in RS 90,870 million rupees and a cessation of compensation of RS 13,868 million rupees.

Total reimbursements issued during February were RS 20,889 million rupees, an increase of 17.3 percent during the previous period. GST’s net collections during February 2025 grew 8.1 percent to approximately RS 1.63 Lakh Crore.

The performance in terms of the State has been mixed. Several states and territories of the Union reported significant profits: Haryana’s collections increased by 20 percent, Rajasthan and Uttar Pradesh marked an increase of 14 percent, and even the central jurisdiction recorded an impressive increase of 45 percent. However, not all regions shared the same impulse; Jammu and Kashmira experienced a slight fall of 2 percent, while areas like Ladakh and Lakshadweep saw notable decreases.

While these numbers are provisional and are subject to final adjustments, the general trajectory suggests a robust GST framework that continues to evolve and contribute significantly to the national treasure.

In the Budget of the Union, the Government projected a 11 percent increase in GST revenues for the year, estimating collections at RS 11.78 Lakh million rupees, including central GST and compensation cessation.

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