The gross Goods and Services Tax collections increased 10.3% year-on-year to Rs 1.82 lakh crore in July, according to a release by the Finance Ministry on Thursday.
After accounting for refunds, the net GST revenue for July stands at Rs 1.65 lakh crore, reflecting a growth of 14.4% in comparison to the same period last year.
According to the release, the GST revenue collection in FY25—including the highest-ever collection in April—stands at Rs 7.38 lakh crore.
The Fineprint
Gross GST revenue: Rs 1.82 lakh crore.
Central GST: Rs 32,400 crore, up 8.7% year-on-year.
State GST: Rs 40,300 crore, up 7.1% year-on-year.
IGST: Rs 96,447 crore, up 12.2% year-on-year.
Cess: Rs 12,953 crore, up 10% year-on-year.
On an year-to-date basis, collections grew by 10.2%.
Statewise Trends
Maharashtra, Tamil Nadu, Karnataka and Gujarat continue to be among the top states in terms of GST revenue. In actual terms, Maharashtra continued to dominate state-wise collections at Rs 28,970 crore, growing 11% from last July. Karnataka followed Maharashtra, although in actual terms, they raked in collections of Rs 13,025 crore in July 2024.
Uttar Pradesh saw a lower pace of growth, but recorded high monthly collections in actual terms.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.