GST: 1.84 lakh crore deposited into treasury in February

New Delhi| According to data released by the central government, gross GST collection increased by 9.1 percent to more than Rs 1.84 lakh crore in February. The reason behind increase in GST collection is higher revenue due to domestic transactions. Experts say this indicates a boost from domestic consumption and economic revival.

During this period, domestic revenue under Gross Goods and Services Tax (GST) collection increased by 10.2 percent to Rs 1.42 lakh crore. Import revenue increased by 5.4 per cent to Rs 41,702 crore. According to the data, in the month under review, Rs 35,204 crore was collected from central GST, Rs 43,704 crore from state GST, Rs 90,870 crore from integrated GST and Rs 13,868 crore from compensation cess.

Refunds totaling Rs 20,889 crore were issued during February, up 17.3 per cent year-on-year. Net GST collection increased by 8.1 per cent to around Rs 1.63 lakh crore in February 2025. Net GST collection in the same month a year ago was Rs 1.50 lakh crore.

Increase in GST collection indicates possible revival of the economy
Saurabh Aggarwal, tax partner, EY, said the strong GST collection data indicates that the Indian economy is facing global economic challenges strongly. The steady increase in domestic GST revenue compared to import-related collections indicates strength at the domestic level.

Abhishek Jain, KPMG’s indirect tax chief and partner, said the 10.2 per cent increase in GST collections on domestic supplies and the 9.1 per cent increase overall indicate a possible revival of the economy in the fourth quarter. MS Mani, partner, Deloitte India, said that there has been a good increase in GST collection in the range of 10-20 per cent in large manufacturing and consumer states like Haryana, Uttar Pradesh, Maharashtra, Tamil Nadu, Madhya Pradesh, Karnataka.