India’s gross Items and Companies Tax (GST) assortment for July 2025 stood at Rs 1.96 lakh crore, registering a 7.5% year-on-year enhance, in keeping with authorities information launched Friday. The determine displays continued financial exercise and improved compliance throughout sectors.
This marks a notable rise from June’s assortment of Rs 1.85 lakh crore and follows April’s record-breaking GST influx of Rs 2.37 lakh crore, the best ever for the reason that oblique tax regime was applied in 2017.
Between April and July 2025, GST collections rose 10.7% year-on-year to Rs 8.18 lakh crore, with April alone recording an all-time excessive of Rs 2.37 lakh crore.
In July 2025, gross GST income from home transactions rose 6.7% year-on-year to Rs 1.43 lakh crore, up from Rs 1.34 lakh crore in July 2024. GST from imports grew at a sooner tempo, climbing 9.7% to Rs 52,712 crore.
The July GST breakup consists of Rs 99,250 crore from Built-in GST (IGST), Rs 33,450 crore from Central GST (CGST), Rs 41,600 crore from State GST (SGST), and Rs 21,700 crore from Cess. Notably, IGST collected from imports grew by 10.3%, highlighting sturdy cross-border commerce.
Refunds surged 66.8% to Rs 27,147 crore from Rs 16,275 crore a 12 months in the past, with home refunds leaping 117.6% and export-related refunds rising 20%.
Web GST collections got here in at Rs 1.69 lakh crore, marking a modest 1.7% year-on-year development. Web home income remained practically unchanged at Rs 1.26 lakh crore, whereas GST from imports rose 7.5% to Rs 42,548 crore.
GST Income – July 2025
Highlights by state
Madhya Pradesh noticed a notable 18% enhance in collections, main amongst bigger states.
Bihar adopted carefully with a 16% development, whereas Andhra Pradesh and West Bengal recorded will increase of 14% and 12% respectively.
Alternatively, Manipur, Mizoram, and Jharkhand skilled declines of -36%, -21%, and -3% respectively.
Prime contributors
Maharashtra continued to be the best contributor with collections surpassing Rs 30,590 crore.
Following Maharashtra, Karnataka contributed Rs 13,967 crore, and Gujarat contributed Rs 11,358 crore.
The regular enhance in GST revenues alerts a wholesome consumption development and financial momentum. Analysts say constant collections above the Rs 1.8 lakh crore mark counsel higher formalisation of the financial system and improved compliance via tech-enabled enforcement and audit measures.
Aditi Nayar, Chief Economist & Head – Analysis & Outreach, ICRA, stated: “On an encouraging word, the YoY development in gross GST revenues improved in July 2025 relative to the earlier month. Nonetheless, massive refunds pulled down the efficiency of web revenues to 1.7%. Curiously, development of GST on imports outpaced home revenues, with the latter being dampened by tepid cess collections.”
With the festive season forward, officers stay optimistic about sustaining this upward trajectory, doubtlessly bringing in higher-than-budgeted income within the coming quarters.
