GST Collections for July 2025 Rise 7.5% to Rs 1.96 Lakh Crore

GST collection in July 2025 was at Rs 1.96 lakh crore, shows us a growth of 7.5% compared to the July 2024 GST collection. After the refund, the net GST revenues was at Rs 1.69 lakh crore, shows a steady growth of 1.7% YOY compared to the July 2024 GST revenue. This performance shows the ongoing growth of India's GST tax system.

GST Collection Breakdown – July 2025

July 2025 Gross GST collections are up by 7.5% YOY, while net collections increased by 1.7%. The difference between gross and net growth shows higher refund payouts, as total refunds increasing by 66.8% to Rs 27,147 crore in July 2025 compared to Rs 16,275 crore in July 2024.

April-July 2025 Cumulative Performance

First 4 months of FY 2025-26 have shown substantial momentum with cumulative gross GST collections reaching Rs 8.18 lakh crore, showing a healthy 10.7% growth over the same period last year (Rs 7.39 lakh crore). Net collections for April-July 2025 stood at Rs 7.11 lakh crore, representing an 8.4% increase over the corresponding period in 2024-25.

Domestic vs Import performance

Domestic GST collections went up from their previous value by 6.7% with Rs 1.43 lakh crore of revenue comprised within, while import-GST collections were even further ahead with 9.7% performance, improving collections that had reached Rs 52,712 crore. 

Refund Analysis

GST collection in July 2025, the refunds significantly increased by 66.8% to Rs 27,147 crore, compared to Rs 16,275 crore in July 2024. Refunds for the domestic segment increased quite dramatically by 117.6% while there was still a growth recorded for export refunds through ICEGATE by 20%. Refunds paid out explain the difference between gross and net collection growth.

Conclusion

Gross GST collections in July 2025 is at Rs 1.96 lakh crore, whereas the net collection is at Rs 1.69 lakh crore, with a yoy growth of 1.7% and 7.5% respectively. The strong cumulative performance across the months of April to July, with gross growth at 10.7%, displays positive economic fundamentals.

Over the last year, the tax base has widened, as India graduated from 6.47 crore registered taxpayers in July 2024 to over 8.98 crore as of July 2025, providing the economy with a platform for predictable recurring revenue. The sequencing of growth establishes a progressive reality that reflects the impact of tax reforms being attributed as structural and a commitment to the fiscal precarity of the times.