GST collections: July gross mop-up at Rs 1.96 lakh crore; rises 7.5% year-on-year – Times of India

India’s gross Goods and Services Tax (GST) collection rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July 2025, helped by higher domestic revenues, according to data released by the finance ministry on Friday.The gross GST mop-up in July 2024 stood at Rs 1.82 lakh crore, while the June 2025 collection was Rs 1.84 lakh crore, PTI reported.Domestic revenue rose 6.7 per cent to Rs 1.43 lakh crore in July, while tax collected on imports increased 9.5 per cent to Rs 52,712 crore, as per official data.Net GST revenue stood at Rs 1.69 lakh crore in July 2025, reflecting a 1.7 per cent increase over the previous year. Refunds surged 66.8 per cent year-on-year to Rs 27,147 crore.Commenting on the data, EY India Tax Partner Saurabh Agarwal said “Despite some global pressures and temporary dips, the overall trend shows a stable consumption pattern and consistent growth trajectory of the economy.”“The government’s timely refund process is also a great help to businesses, ensuring they have the working capital they need,” he addedAbhishek Jain, Indirect Tax Head & Partner, KPMG said ”It’s heartening to see GST refunds picking up, not just for exports but also for domestic supplies. This reflects maturity of the GST regime. Higher refunds on domestic supplies could be from excess tax payments, inverted duty structures, and other adjustments. The increased refunds should aid cash flows for businesses”Karthik Mani, Partner – Indirect Tax at BDO India said “The gross GST Collections have increased by ~ 6% on a month-on-month basis and around 7.5% on a year-on-year basis. The collections in almost all large states have grown in line with these numbers and this time it was a collective effort as opposed to growth in collections in few major States compensating for lower growth in few other States.” “The overall collection growth was also helped by a significant increase of ~ 10% on a year-on-year basis in collection of IGST on imports. The significant increase in the refund amounts, which grew by nearly two third on a year-on-year basis led to a muted growth of only 1.7% in collections for the month on a Y-O-Y basis.” he added. “However, the overall growth rate on net GST collections of 8.4% on year till date is quite encouraging and would be an important data point for the GST Council to consider rate rationalisation on various goods and services as well as that of tax rate slabs.” Karthik Mani said.