By Admin 
GST collection: Today, a new financial year has started from April 1 and with this a good news has also come for the government. The country’s economy performed tremendously in the fourth quarter of the financial year 2024-25 (FY25). Due to this, the GST collection has increased by 9.9 percent in March and it has reached Rs 1.96 lakh crore.
The Center and the state have so much GST collection
Government data has shown that the Central GST (CGST) collection was Rs 38,100 crore, State GST (SGST) was Rs 49,900 crore, integrated GST (IGST) was Rs 95,900 crore. With this, the total gross GST revenue increased to Rs 12,300 crore.
Speaking to the Times of India, KPMG in India partner and chief (indirect tax) Abhishek Jain said, “Along with the economic stability of about 10 percent in the GST collection compared to last year, it also shows that companies have filled tax with the rules. With this, we can expect further increase in GST collection in the next quarter.
GST collection was so much in March
In the month of March, the NET GST collection has reached Rs 1.76 lakh crore, which shows an increase of 7.3 percent over the previous year. The gross GST collection for FY 2025 stood at Rs 22.08 lakh crore, which shows the lead of 9.4 percent. After the refund adjustment, the net GST collection for FY 2025 gained 8.6 percent to Rs 19.56 lakh crore.
In February, the GST collection saw an increase of 9.1 percent, which reached Rs 183,646 crore due to an increase in domestic revenue sources. The GST collection in January stood at Rs 1.96 lakh crore, which shows an increase of 12.3 percent compared to last year.
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