SF Prep Notes

Gross GST collections rise 7.5% to about ₹1.96 lakh crore in July 2025

Gross GST revenue for July 2025 was ₹1,95,735 crore, 7.5% higher than in July 2024, according to data released on 1 August 2025.

Summary

India's gross Goods and Services Tax (GST) collections for July 2025 stood at ₹1,95,735 crore (about ₹1.96 lakh crore), up 7.5% from ₹1,82,075 crore in July 2024, according to official data released on 1 August 2025. Gross domestic revenue was ₹1,43,023 crore, up 6.7%, while gross import revenue was ₹52,712 crore, up 9.7%. The July total comprised ₹35,470 crore CGST, ₹44,059 crore SGST, ₹1,03,536 crore IGST and ₹12,670 crore cess. Refunds rose 66.8% to ₹27,147 crore, so net GST revenue was ₹1,68,588 crore, only 1.7% higher than a year earlier. For April–July 2025, gross GST revenue was about ₹8.18 lakh crore, up 10.7%.

Key facts

Gross GST, July 2025
₹1,95,735 crore (about ₹1.96 lakh crore)
Growth
7.5% year-on-year
Gross domestic revenue
₹1,43,023 crore (+6.7%)
Gross import revenue
₹52,712 crore (+9.7%)
Refunds
₹27,147 crore (+66.8%)
Net GST revenue
₹1,68,588 crore (+1.7%)
April–July 2025
About ₹8.18 lakh crore (+10.7%)

Practice MCQs 4 questions

Q1

What were India's gross GST collections for July 2025, as per data released on 1 August 2025?

Show answer

Correct answer: A — About ₹1.96 lakh crore

Gross GST collections for July 2025 were ₹1,95,735 crore, about ₹1.96 lakh crore.

Q2 Advanced

By what percentage did gross GST collections in July 2025 grow over July 2024?

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Correct answer: C — 7.5%

Gross GST collections grew 7.5%, from ₹1,82,075 crore in July 2024 to ₹1,95,735 crore in July 2025.

Q3 Advanced

Consider the following statements about GST data for July 2025: 1. Refunds rose 66.8% to ₹27,147 crore. 2. Net GST revenue grew by more than 10% over July 2024. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Statement 1 is correct: refunds rose 66.8% to ₹27,147 crore. Statement 2 is incorrect: because of the surge in refunds, net GST revenue was ₹1,68,588 crore, up only 1.7%.

Q4 Advanced

What was the gross GST revenue from imports in July 2025?

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Correct answer: D — ₹52,712 crore

Gross import revenue in July 2025 was ₹52,712 crore, up 9.7% from a year earlier.

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