India’s June GST Collections Rise 13.9% YoY to ₹1.95 Lakh Crore, Powered by Surge in Imports
As per the data released by the finance ministry, the GST revenues grew over Rs 1.94 lakh crore in May and Rs 1.71 lakh crore in June 2025.
New Delhi: India’s gross goods and services tax (GST) mop-up increased by 13.9 per cent year-on-year to Rs 1.95 lakh crore in June, primarily driven by a sharp rise in tax receipts from imports that pushed the overall growth despite relatively modest gains in domestic collections, the government said on Wednesday.
As per the data released by the finance ministry, the GST revenues grew over Rs 1.94 lakh crore in May and Rs 1.71 lakh crore in June 2025. “The gross tax collections from domestic transactions were up 6.5 per cent to about Rs 1.35 lakh crore. These include central GST (CGST), state GST (SGST) and integrated GST (IGST) collection of Rs 37,376 crore, Rs 45,116 crore, and Rs 52,282 crore, respectively,” the ministry data showed.
The data further showed that the GST revenue from imports surged 34.6 per cent to Rs 60,038 crore in June. “Total refunds were up 29.1 per cent at Rs 32,436 crore in June. After adjusting refunds, net collection grew 11.2 per cent to over Rs 1.62 lakh crore in June,” the data showed.
AKM Global, Lead-Indirect Tax, Ikesh Nagpal, said that compared to May 2026, collections have remained virtually stable, suggesting that GST revenues are settling into a consistently high trajectory rather than being driven by one-off spikes. “What stands out is the 34.6 per cent growth in gross import revenue, significantly outpacing the 6.5 per cent growth in domestic collections, reflecting sustained import activity despite an uncertain global environment,” Nagpal said.
“Equally encouraging is that this growth came alongside a 29.1 per cent increase in refunds, indicating that strong revenue growth is being achieved without affecting liquidity for businesses,” he added.
Introduced on July 1, 2017, the GST replaced a complex system of 17 central and state taxes and 13 cesses with a unified indirect tax framework. GST completed nine years of implementation this month. During the first quarter of the current fiscal year, gross GST collection grew 8.4 per cent to about Rs 6.32 lakh crore. This includes a 2.8 per cent growth in tax revenues from domestic transactions and a 26.2 per cent growth in imports.
EY India Tax Partner Saurabh Agarwal said that accelerated pace of GST refunds underscores the government’s proactive commitment to unlock business liquidity and ensure that working capital constraints do not stifle industry growth.
“However, the rising share of collections from imports warrants closer structural analysis. To mitigate this reliance and further catalyse domestic capacity, there is a compelling case for policy recalibration, specifically by redeploying unutilised outlays from the PLI schemes to strategically aggressively attract and scale high-value manufacturing within India,” Agarwal said.
