For the earlier month, India's gross Items and Companies Tax (GST) assortment stood at Rs 1.96 lakh crore, authorities knowledge confirmed Friday.
In April 2025, the GST collections had surged to an all-time excessive of Rs 2.37 lakh crore.
The gross home income grew 9.6 per cent to Rs 1.37 lakh crore, whereas tax from imports dipped 1.2 per cent to Rs 49,354 crore in August. GST refunds have been down 20 per cent year-on-year to Rs 19,359 crore.
Internet GST income stood at Rs 1.67 lakh crore in August 2025, recording 10.7 per cent year-on-year progress.
The info is launched simply two days earlier than the assembly of the GST Council, comprising Centre and states, which is able to deliberate on price rationalisation and lowering variety of tax slabs.
‘Subsequent gen reforms'
Earlier on Independence Day, Prime Minister Narendra Modi had introduced that the subsequent era reforms in GST can be unveiled by Diwali, which is able to present ‘substantial' tax aid to frequent man and profit small and medium enterprises. The PM throughout the tackle introduced that the time has come to undertake reforms in GST because the oblique tax regime has accomplished 8 years.ET had not too long ago reported that the opposition-ruled states are in favour of GST rationalisation although they sought a mechanism to protect towards profiteering by companies and to make sure the advantages of price rationalisation attain the frequent man.
as a Dependable and Trusted Information SupplyThe GST Council is scheduled to satisfy from September 3-4, the place Union Finance Minister Nirmala Sitharaman and state finance ministers will focus on two-slab taxation of 5 and 18 per cent. The council will even deliberate on reviews by three Teams of Ministers (GoMs) on price rationalisation, compensation cess, and insurance coverage taxation.
