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GST Collections Hit Rs 1.93 Lakh Cr in Jan, Up 6.2% Year-on-Year

India's Goods and Services Tax collections for January 2025 reached Rs 1,93,384 crore, registering a 6.2% increase compared to the same month last year. The cumulative gross collections for the April-January period grew by 8.3% year-on-year to over Rs 18.43 lakh crore. Net GST revenue for the month also saw a healthy rise of 7.6%, while import GST collections remained robust with over 10% growth. The Finance Ministry concurrently implemented a new tax regime for tobacco products effective February 1.

Key Points: GST Collections Rise 6.2% to Rs 1.93 Lakh Cr in January

  • January collections at Rs 1.93 lakh crore
  • 6.2% annual growth in gross GST
  • Net revenue up 7.6% to Rs 1.70 lakh crore
  • Strong 10.1% growth in import GST
2 min read

GST collections rise 6.2 pc to Rs 1,93,384 crore in January

India's gross GST revenue for January reached Rs 1,93,384 crore, showing a 6.2% annual growth. Net revenue and year-to-date collections also posted strong gains.

"Gross GST collections jumped to Rs 18,43,423 crore, marking a strong 8.3 per cent growth (on-year) - Official Data"

New Delhi, Feb 1

The Goods and Services Tax collections reached Rs 1,93,384 crore in the month of January, up 6.2 per cent from the same month last year, official data showed on Sunday.

Gross GST collections were Rs 1,82,094 crore in January. On a year-to-date basis (April-January), gross collections jumped to Rs 18,43,423 crore, marking a strong 8.3 per cent growth (on-year), the data showed.

Moreover, the net GST revenue for January stood at Rs 1,70,719 crore, up 7.6 per cent from the same month last year. Year-to-date net revenue reached Rs 15,95,752 crore, an annual growth of 6.8 per cent.

Domestic GST collections rose 4.8 per cent year-on-year to Rs 1,41,132 crore. Import GST collections remained strong, with gross import revenue at Rs 52,253 crore, up 10.1 per cent from January 2025.

The compensation cess, continuing as a transitional measure, dropped to Rs 5,768 crore, down from Rs 13,009 crore last year.

Total refunds recorded at Rs 22,665 crore for January, a slight decline of 3.1 per cent year-on-year. State-wise post-settlement GST revenues showed a mixed picture.

In December, GST collection recorded a 6.1 per cent increase to Rs 1,74,550 crore compared to Rs 1,64,556 crore in the same month of the previous year, reflecting the increase in economic activity during the month. Central GST collections rose to Rs 34,289 crore, state GST collections to Rs 41,368 crore, and integrated GST collections to Rs 98,894 crore.

Meanwhile, the Finance Ministry issued a series of notifications that brought into effect the new tax regime for tobacco products from February 1.

The ministry also released an FAQ list to explain that, under the Goods and Services Tax regime, the excise duty on cigarettes had so far been rendered a nominal amount of a "fraction of a paisa" per cigarette stick, and that the GST compensation cess rate on tobacco products had not been increased since it was implemented in July 2017.

- IANS

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Reader Comments

P
Priya S
Rs 1.93 lakh crore! That's a huge number. As a small business owner, filing GST is still a bit of a headache, but if it's helping build the nation, I'm for it. Just wish the portal was faster sometimes. 😅
V
Vikram M
The 10.1% growth in import GST is interesting. Shows domestic demand for foreign goods remains strong. But we should also focus on boosting 'Make in India' to reduce the import bill in the long run.
R
Rohit P
Positive numbers, but what about the compliance burden on MSMEs? The system needs more simplification. Also, the drop in compensation cess needs clearer explanation for states.
S
Sarah B
Reading this from an economic perspective, the steady YTD growth of 8.3% is a robust indicator. It suggests the GST system is stabilizing and becoming a predictable revenue stream, which is crucial for long-term fiscal planning.
K
Karthik V
The part about tobacco tax is important. If the cess hasn't increased since 2017, it's a missed opportunity for public health revenue. Should be revised upwards to discourage consumption, especially among youth.

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