Union Finance Minister Nirmala Sitharaman has said that the record GST collection in April showcases the resilience of the Indian economy and the effectiveness of cooperative federalism. Gross GST collections for April stood at 2.36 lakh crore rupees, marking a 12.6 per cent increase over the gross collection of 2.10 lakh crore rupees in April 2024. Net GST collections for April 2025 reached 2.09 lakh crore rupees, reflecting a 9.1 per cent growth compared to the net collection of 1.92 lakh crore rupees in April 2024. In a social media post, Ms Sitharaman expressed deepest gratitude to the taxpayers whose contributions and faith in the GST architecture drive the nation’s progress. She said their contributions reflect a shared commitment to building a Viksit Bharat. Ms Sitharaman also highlighted the dedicated efforts of Finance Ministers of all states and state GST authorities, who remain equal partners in India’s GST framework. The Finance Minister also acknowledged the efforts of the field formations of the Central Board of Indirect Taxes and Customs (CBIC) for their sincere efforts. The increase in GST collections was driven by the higher level of economic activity and better compliance.
Site Admin | May 2, 2025 8:16 AM
Record GST collection showcases resilience of Indian economy: FM Sitharaman
