Summary:

In April, India's net GST collections hit a new high of Rs. 2,09,000 crore (US$ 24.95 billion), a 9.1% increase over March. Gross revenues rose by 12.6%, led by a 20.8% increase in import receipts. In FY25, net GST collections climbed by 8% to Rs. 19,73,000 crore (US$ 235.53 billion). Refunds to exporters rose by 86.1%, reflecting higher shipments, particularly to the United States, prior to reciprocal tariffs.

The strong GST receipts in April reflect robust economic growth in the final month of FY25. Finance Minister Nirmala Sitharaman lauded India's economic resilience and cooperative federalism. While global economic challenges may moderate GST revenues in the next six months, the outlook remains optimistic, driven by rising industrial prospects. The year-end reconciliation process also contributed to record collections, reflecting continued recovery and growth.

Source: IBEF

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