GST collections hit new all-time high of ₹2.37 lakh cr in April

India's gross goods and services tax (GST) collections surged 12.6% year-on-year (YoY) to touch a new all-time high of ₹2.37 lakh crore in April 2025, according to government data. This was driven by double-digit growth in revenue mop-up from domestic sources as well as imported goods.

The net GST collection also crossed ₹2 lakh crore for the first time to ₹2.09 lakh crore from ₹1.91 lakh crore in April 2024.

The data showed that GST revenue from domestic transactions increased by 10.7% to ₹1.9 lakh crore, while mop-up from imported goods rose 20.8% to ₹46,913 crore.

The issuance of refunds issuance rose 48.3% to ₹27,341 crore during the month under review.

The previous record high was ₹2.10 lakh crore registered in April 2024 – the second highest since the introduction of the indirect tax regime on July 1, 2017. In the previous month, GST collections rose by 9.9% YoY to ₹1.96 lakh crore.

“The growth in GST collections for April is expected since GST on transactions during March, which is the last month of the fiscal year, is payable in April. Due to significant number of year end transactions which take place in March, traditionally, GST collections for April are significantly higher,” said Karthik Mani, Partner, Indirect Tax, BDO India.

However, specifically for April 2025, another indicator, which led to anticipation of significantly high GST collections was the 20.2% growth in generation of e-way bills in March 2025, as per data in the monthly economic review for March 2025 released by the Department of Economic Affairs.

“This is since increase in e-way bills generation is typically correlated with higher economic activity and consequently, higher GST collections,” Mani said.