Gros GST collection 91 percent increased to Rs 1.84 lakh crore in February 2025

GST Collections: India’s economy has also performed tremendously in the fourth and last quarter of the year. According to the official data released on Saturday, GROSS GST collection in the month of February has increased to Rs 1.84 lakh crore to Rs 1.84 lakh crore, compared to Rs 1.96 lakh crore last month.

The same trend continues for 12 months

February is the 12th consecutive month when the GST collection was more than Rs 1.7 lakh crore. According to the data, even after reducing the refund, the GST calculation was 8.1 percent more than last year. A total of Rs 20,889 crore refunds were released in February, which is 17. 3 % more than the same period of a year ago. It increased to Rs 1.63 lakh crore after the refund reduced. In February 2024, gross and net GST revenue were Rs 1.68 lakh crore and Rs 1.50 lakh crore respectively.

GST collection started increasing from January

The GST collection has gained momentum since January. After being in a single digit for four months, it reached the nine-month high-level 12.3 percent in January. According to the data released on February 28, India’s economy has improved in the third quarter and the growth rate has come to 6.2 percent against 5.6 percent last month. 18 economists of the MC Poll had estimated 6.3 percent for the third quarter, while it was 6.5 percent.

India can achieve target in fourth quarter

The country’s economy will need growth at the rate of 7.6 percent in the fourth quarter to achieve the target of 6.5 percent. Chief Economic Advisor V. Annath Nageswaran said in a conference after the GDP report on Friday said that India can achieve the growth rate of 7.6 percent because Mahakumbh Along with the expenditure incurred in the fourth quarter, the economy is expected to help in the fourth quarter.

What is GST?

GST is Indirect Tax levied by the government, which is levied by the government, which is levied on goods and services at the domestic level. When we buy any goods, we also pay GST to the consumer along with the price, which is given to the government on behalf of the seller.

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