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India’s Gross Goods and Services Tax (GST) collections increased by 7.3% Year-on Year in December, reaching ₹1.77 lakh crore. Net GST receipts also increased by 8.6% for the first nine months of 2024–25, reaching over ₹14.45 lakh crore. This growth is a key indicator of economic activity and has the potential to boost total economic expansion. However, net GST collections fell to 3.3% after accounting for refunds, the lowest level in fiscal year 2024–2025. In December, gross GST inflows were less than ₹1.77 lakh crore, a three-month low and a 7.3% increase over the same month in 2023. Only twice in more than three and a half years have growth fallen to these levels: in June 2024, when gross revenues increased by 7.3%, and in September 2024, when growth had fallen to a 40-month low of 6.5%. Refunds to taxpayers increased by 45.3% to ₹22,490 crore, explaining part of the steeper deceleration in net collections growth compared to gross receipts. In December, net receipts totalled ₹1,54,366 crore. Revenues from import and domestic taxes declined, with gross GST receipts increasing by 8.5% and refunds decreasing by 8.9%. Domestic transaction revenues increased by 8.4% in December, while import revenues increased by just 3.9%. The overall growth in net GST revenues for the first nine months of 2024–25 is currently 8.6%, dropping from the 9.2% growth up till November. The rise of the GST kitty is consistent with trends in GDP growth, with four states experiencing a decline in GST collections compared to seven in November. The present study is to compare the statewide contribution to GST.

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Comparative Study on GST Collections Across the States of India and Economic Growth: A Descriptive Study

  • 章节

  • 发表日期：

    2026年

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  • B. Mahammad Rafee,
  • Sneha Singh,
  • M. A. Raja Mohamed,
  • S. Mohammad Zaheed,
  • Sogra Khatoon,
  • A. Pushpa

摘要

India’s Gross Goods and Services Tax (GST) collections increased by 7.3% Year-on Year in December, reaching ₹1.77 lakh crore. Net GST receipts also increased by 8.6% for the first nine months of 2024–25, reaching over ₹14.45 lakh crore. This growth is a key indicator of economic activity and has the potential to boost total economic expansion. However, net GST collections fell to 3.3% after accounting for refunds, the lowest level in fiscal year 2024–2025. In December, gross GST inflows were less than ₹1.77 lakh crore, a three-month low and a 7.3% increase over the same month in 2023. Only twice in more than three and a half years have growth fallen to these levels: in June 2024, when gross revenues increased by 7.3%, and in September 2024, when growth had fallen to a 40-month low of 6.5%. Refunds to taxpayers increased by 45.3% to ₹22,490 crore, explaining part of the steeper deceleration in net collections growth compared to gross receipts. In December, net receipts totalled ₹1,54,366 crore. Revenues from import and domestic taxes declined, with gross GST receipts increasing by 8.5% and refunds decreasing by 8.9%. Domestic transaction revenues increased by 8.4% in December, while import revenues increased by just 3.9%. The overall growth in net GST revenues for the first nine months of 2024–25 is currently 8.6%, dropping from the 9.2% growth up till November. The rise of the GST kitty is consistent with trends in GDP growth, with four states experiencing a decline in GST collections compared to seven in November. The present study is to compare the statewide contribution to GST.