Our Terms & Conditions | Our Privacy Policy
India collected Rs 1.86 lakh crore as goods and services tax in August, 6.5% higher than the same period last year, showed government data on Monday.
For the previous month, India’s gross Goods and Services Tax (GST) collection stood at Rs 1.96 lakh crore, government data showed Friday.
In April 2025, the GST collections had surged to an all-time high of Rs 2.37 lakh crore.
The gross domestic revenue grew 9.6 per cent to Rs 1.37 lakh crore, while tax from imports dipped 1.2 per cent to Rs 49,354 crore in August. GST refunds were down 20 per cent year-on-year to Rs 19,359 crore.
Net GST revenue stood at Rs 1.67 lakh crore in August 2025, recording 10.7 per cent year-on-year growth.
Live Events
The data is released just two days before the meeting of the GST Council, comprising Centre and states, which will deliberate on rate rationalisation and reducing number of tax slabs.Commenting on August GST collection, Aditi Nayar, Chief Economist at ICRA Ltd. said, “While CGST and SGST recorded a double-digit expansion, the growth in IGST and cess collections was tepid, dampening the headline GST increase to 6.5%.””Low inflation readings for the WPI and the CPI may partly be dampening the GST growth. The contraction in IGST on imports is puzzling in light of the sharp increase in merchandise imports in July 2025 (that would have reflected in the August 2025 GST data),” she added.
‘Next gen reforms’
Earlier on Independence Day, Prime Minister Narendra Modi had announced that the next generation reforms in GST will be unveiled by Diwali, which will provide ‘substantial’ tax relief to common man and benefit small and medium enterprises. The PM during the address announced that the time has come to undertake reforms in GST as the indirect tax regime has completed 8 years.
ET had recently reported that the opposition-ruled states are in favour of GST rationalisation though they sought a mechanism to guard against profiteering by businesses and to ensure the benefits of rate rationalisation reach the common man.
The GST Council is scheduled to meet from September 3-4, where Union Finance Minister Nirmala Sitharaman and state finance ministers will discuss two-slab taxation of 5 and 18 per cent. The council will also deliberate on reports by three Groups of Ministers (GoMs) on rate rationalisation, compensation cess, and insurance taxation.
Add 
as a Reliable and Trusted News Source
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
Comments are closed.