New Delhi [India]1 April (ANI): According to the government data released on Tuesday, the GDP and Services Tax (GST) collection for March 2025 rose by 9.9 percent to Rs 19,56,034 crore (Rs 1.96 lakh crore).
The data showed that the collection in the month of March collection was 6.8 percent more than Rs 1.84 lakh crore recorded in the previous month.
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The GST collection for the month of February increased by 9.1 percent to Rs 183,646 crore.
According to the data, the gross GST revenue in the previous month included Rs 38,100 crore from the central GST, while the state GST was Rs 49,900 crore, while Rs 95,900 crore came from integrated GST.
According to the data, Rs 12,300 crore was collected from compensation cess.
Data shows that February, compared to the Central GST collection stood at Rs 35,204 crore, while the state GST was Rs 43,704 crore.
The integrated GST was Rs 90,870 crore, and compensation cess was Rs 13,868 crore.
Recently the GST collection reflects a positive trajectory for India’s economy, which outlines strong domestic consumption and bounce import activity. Amidst global uncertainties, the figures do well for the country’s fiscal health and economic reform efforts, indicate.
The Goods and Services Tax was introduced in the country effective from July 1, 2017, and the states were assured of compensation for the loss of any revenue arising due to the implementation of GST.
The GST Council, a federal body in which the Union Finance Minister is as members of his president and finance ministers of all states, has played his role in the stage. The latest meeting of GST Council was held on 21 December in Jaisalmer, Rajasthan.
Hair oil, toothpaste, soap; Detergent and washing powder, wheat; Rice; Curd, lassi, buttermilk; Wrinkle watch, TV up to 32 inches; Refrigerator; Washing machines, mobile phones, are among the important items on which GST rates have been reduced to a great extent, or some people are placed on zero, which benefit people. From time to time, the list is being revised with the approval of the council. (AI)
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