India’s Goods and Services Tax (GST) collections reached an all-time high of ₹2.37 lakh crore in April 2025, according to official data released by the Ministry of Finance. This historic milestone represents a 12.6% year-on-year (YoY) increase, surpassing the previous record of ₹2.10 lakh crore reported in April 2024.
This surge in GST revenues comes on the back of strong domestic consumption, increased compliance, and higher import volumes, reflecting a broad-based recovery and growing tax efficiency across sectors.
Domestic and Import Revenues Drive Growth
Breaking down the figures, GST collections from domestic transactions grew by 10.7% YoY, contributing approximately ₹1.9 lakh crore to the total. Meanwhile, revenue from imported goods surged by 20.8%, reaching ₹46,913 crore. These numbers underscore India’s expanding consumption base and enhanced customs duty collection systems at the borders.
The record April collection also includes a significant rise in refunds issued by the government. Refunds worth ₹27,341 crore were disbursed during the month, which is a sharp 48.3% increase compared to April 2024.
After adjusting for these refunds, the net GST collection stood at over ₹2.09 lakh crore, reflecting a solid 9.1% growth in net tax revenue.
Month-on-Month and Yearly Trends
This new record surpasses the March 2025 GST collection of ₹1.96 lakh crore, as well as the January 2025 collections which also stood at ₹1.96 lakh crore, marking a consistent upward trend in the final quarter of FY25.
To put things in perspective:
- February 2025: ₹1.83 lakh crore, up 9.1% YoY
- January 2025: ₹1.96 lakh crore, up 12.3% YoY
- December 2024: ₹1.77 lakh crore, up 7.3% YoY
- November 2024: ₹1.68 lakh crore, up 8.5% YoY
The rising trajectory indicates robust compliance, improved economic activity, and greater efficiency in GST administration by both state and central authorities.
Budget Projections and Future Outlook
The Union Budget 2025-26 has projected a GST revenue growth of 11%, targeting total collections of ₹11.78 lakh crore, which includes Central GST (CGST) and compensation cess. April’s record-breaking collection puts the government on a strong footing to meet and possibly exceed this target.
The Finance Ministry credited this growth to a series of reforms, enhanced e-invoicing adoption, increased tax audits, and the integration of artificial intelligence tools to monitor evasion and boost compliance.
Conclusion
The GST collections in April 2025 mark a major fiscal milestone for India, reflecting economic resilience and better tax compliance. As GST continues to stabilize as a unified tax system, record revenue like this not only boosts government spending capacity but also signals a healthy consumption pattern in the economy.
With consistent growth in both domestic and import-driven revenues, and supportive policy measures, India seems on track to meet its ambitious tax collection goals for FY25-26.
also see
- Adani Enterprises Q4 FY25 Results: Net Profit of ₹3,845 crore
- ITR Filing Deadlines for FY 2024-25: Key Dates, Penalties, and Taxpayer Categories Explained
- Key Financial Changes May 1, 2025: ATM Fee Hike, Tax Filing, RRB Mergers, FD Rate Updates, and More
7 thoughts on “GST Collections Hit Record High of ₹2.37 Lakh Crore in April 2025”