GST Revenue Collections: Gross & Net for January 2025

Dear Taxpayers, We are pleased to share the Gross and Net GST Revenue Collections for the month of January 2025. The detailed report is now available for download via the link below:

📄 Download the Monthly GST Revenue Collections Report for January 2025

Summary of the Monthly GST Revenue Collections Report for January 2025

The GST revenue collections for January 2025 reflect the continued growth and stability of India’s tax ecosystem. Below is a summary of the key highlights from the report:

1. Gross GST Revenue Collections

  • The Gross GST Revenue collected in January 2025 stands at ₹1.92 lakh crore, marking a 12% year-on-year growth compared to January 2024.
  • This growth is attributed to improved compliance, increased economic activity, and the effective implementation of anti-evasion measures.

2. Net GST Revenue Collections

  • After accounting for refunds, the Net GST Revenue for January 2025 is ₹1.68 lakh crore, reflecting a 10% increase over the same period last year.

3. State-wise GST Collections

  • States such as Maharashtra, Tamil Nadu, and Karnataka continue to lead in GST contributions, accounting for nearly 40% of the total collections.
  • North-Eastern States and smaller Union Territories have also shown consistent growth, supported by targeted initiatives to boost compliance.

4. Breakdown of GST Components

  • CGST (Central GST): ₹36,500 crore
  • SGST (State GST): ₹46,200 crore
  • IGST (Integrated GST): ₹98,000 crore (including ₹42,000 crore collected on import of goods)
  • Cess: ₹11,300 crore (including ₹1,200 crore collected on import of goods)

5. Key Drivers of Growth

  • Increased Compliance: The use of advanced analytics and biometric-based verification has significantly reduced tax evasion.
  • Economic Recovery: Strong performance in sectors such as manufacturing, services, and exports has contributed to higher GST collections.
  • Anti-Evasion Measures: Rigorous enforcement actions against fraudulent taxpayers have ensured a fair and transparent tax system.

6. Refunds Processed

  • A total of ₹24,000 crore in GST refunds were processed in January 2025, providing liquidity relief to businesses and exporters.

7. Comparison with Previous Months

  • January 2025 collections are 8% higher than December 2024, indicating a strong start to the new calendar year.

How TaxPower GST Software Can Help You Stay Compliant

With GST collections reaching new heights, staying compliant has never been more critical. TaxPower GST Software is your trusted partner for all GST-related needs, offering:

  • Automated GST Return Filing: Ensure accurate and timely filing with minimal effort.
  • e-Invoicing and Billing: Generate compliant invoices seamlessly.
  • Real-Time Updates: Stay aligned with the latest GSTN portal updates and regulations.
  • Expert Support: Backed by a strong support base and endorsed by leading Chartered Accountants and Tax Practitioners.

Explore how TaxPower GST Software can simplify your GST compliance journey at https://taxpowergst.com.

Conclusion

The GST revenue collections for January 2025 underscore the resilience and growth of India’s economy. By leveraging tools like TaxPower GST Software, businesses can ensure seamless compliance and contribute to the nation’s progress.

Thank you for your continued trust in the GST system.

Blog Ref: GSTN Government Site