Get In Touch

Tax surge! July GST soars 7.5%, hits record ₹1.96 Lakh Crore!

    Share on

India’s gross Goods and Services Tax (GST) collections jumped to ₹1.96 lakh crore in July 2025, registering a 7.5% year-on-year increase, government data revealed . This rise was fueled by gains in both domestic consumption and imports, though the growth pace slightly eased compared to earlier months.

From April to July, total gross GST revenues reached ₹8.18 lakh crore, up 10.7% from the same period last year . After factoring in refunds - which surged nearly 66.8% to ₹27,147 crore—the net collection stood at ₹1.69 lakh crore, reflecting a modest 1.7% increase .

State data shows Madhya Pradesh led with +18% growth, followed by Bihar and Andhra Pradesh. Maharashtra remained the top contributor with over ₹30,000 crore, while Gujarat saw a muted 3% rise. Smaller states like Manipur and Mizoram witnessed steep declines .

Despite softer growth in net collections, sustained GST receipts above ₹1.8 lakh crore for the seventh straight month indicate strong tax compliance and resilience in domestic economic activity.

Share:

Post a comment

Your email address will not be published. Required fields are marked *

A 13% jump, $18.5B valuation! Here's what's really driving IPL's explosive growth!

A 13% jump, $18.5B valuation! Here's what's really driving IPL's...

IPL's business valuation hits $18.5 billion with record viewership and strong franchise revenues driving growth.
Mazagon, Vascon & Thermax lead stock tips for july 30!

Mazagon, Vascon & Thermax lead stock tips for july 30!

Analysts rate Mazagon Dock, Vascon Engineers, and Thermax as strong buys today, citing growth potential...
BCCI just made over ₹9,000 Cr in FY 24 driven by the biggest cricket league!

BCCI just made over ₹9,000 Cr in FY 24 driven...

BCCI reports 48% revenue jump to ₹9,741 crore in FY24, driven by IPL's ₹5,761 crore...
₹378 Crore Hack Shakes Indian Crypto World

₹378 Crore Hack Shakes Indian Crypto World

India’s CoinDCX lost ₹378 crore in a cyberattack, but user funds are secure. The company...
What to buy today? Stock recommendations for July 31!

What to buy today? Stock recommendations for July 31!

Aakash Hindocha of Nuvama flags Jindal Steel, Ajanta Pharma, and Godrej Agrovet as top buy...
The silent force reshaping America's economy isn't American at all!

The silent force reshaping America's economy isn't American at all!

Forbes 2025 list shows India contributing highest number of immigrant billionaires, overtaking Israel as leading...

Login

Don’t you have an account ?

Register