India’s Goods and Services Tax (GST) collections surged to an all-time high of ₹2.37 lakh crore in April 2025, marking a 12.6% year-on-year increase, according to official data released by the government on Thursday. This record-breaking figure surpasses the previous high of ₹2.10 lakh crore achieved in April 2024, making it the highest monthly collection since the GST system was launched on July 1, 2017.
In comparison, GST revenue for March 2025 stood at ₹1.96 lakh crore.
Breakdown of Collections
- Domestic transactions: ₹1.9 lakh crore (10.7% growth YoY)
- Imports: ₹46,913 crore (20.8% growth YoY)
- Refunds issued: ₹27,341 crore (up 48.3% YoY)
- Net collections (post-refund): Over ₹2.09 lakh crore, a 9.1% increase YoY
Experts attribute this spike not only to economic recovery but also to year-end reconciliation by businesses. “The all-time high GST collections are a strong indicator of robust economic activity,” said Abhishek Jain, Indirect Tax Head & Partner at KPMG India. “Apart from growth, a significant driver is the financial year-end adjustments, which typically lead to additional tax payments.”
Saurabh Agarwal, Tax Partner at EY India, echoed similar sentiments. “These record numbers underscore the resilience of the Indian economy amid global uncertainties,” he said. He added that proactive steps by the government to expedite GST and export refunds have eased the working capital crunch for industries, a benefit that could gradually pass on to consumers.
Widespread Economic Gains
The growth in GST revenue reflects broad-based economic progress across states and union territories, including Andaman & Nicobar Islands, Lakshadweep, Meghalaya, Nagaland, and Arunachal Pradesh.
Agarwal noted that increased exports to the U.S. before the imposition of reciprocal tariffs may have also played a role in the April spike. “While we might see a slight moderation in GST collections next month due to global headwinds, the outlook remains optimistic,” he said, citing India’s growing role in global supply chains as companies diversify manufacturing bases.
Looking Ahead
The government has projected an 11% increase in GST collections in its Union Budget, with estimated receipts of ₹11.78 lakh crore for FY 2025–26, including both Central GST and compensation cess.
