June GST Collection at ₹1.85 Lakh Cr, Marks 6.2% YoY Growth Amid Export Refund Surge

As the Finance Ministry informs, the gross GST collections in India in June 2025 came to about ₹1.85 lakh crore, showing a growth of 6.2% year-on-year. June’s numbers, while lower than the all-time high of ₹2.37 lakh crore in April or the ₹2.01 lakh crore collected in May, still have a healthy reflection of robust economic activity and tax compliance.

The government observed that in addition to the consistent performance of the economy, the taxpayer base has widened due to that increase. GST revenues have doubled across the last five years with an unprecedented close of ₹22.08 lakh crore in FY25, representing a 9.4% increase against the previous ₹20.18 lakh crore in FY24. It was ₹11.37 lakh crore in FY21.

Tax experts emphasized the much deeper trends hidden within these numbers. According to EY India’s Tax Partner, Saurabh Agarwal, the headline growth may look modest but has a distinctly global flavor of uncertainty affecting consumption. Primarily, he stated, there have been increased GST refunds associated with export activity, which point toward good trade activity and the reduced working capital burden on businesses by the Government.

KPMG’s Abhishek Jain, too, heard the echo of the sentiment, stating ‘the 12% growth in GST mop-up during Q1 of FY26 over the previous year’ indicates things are looking up. Our expert commented: “The spike in net refunds is a healthy sign, improving liquidity for businesses.”

Commemorating the eight years of GST roll-out from July 1, 2017, the government reported that the indirect tax regime has increased transparency, extending the tax base from 65 lakh taxpayers in 2017 to over 1.51 crore in 2025. It has simplified India’s tax architecture by shoving aside 17 others and 13 cesses.

The monthly GST average levels rose substantially from ₹95,000 crore for FY22 to ₹1.51 lakh crore for FY23, ₹1.68 lakh crore for FY24, and projected ₹1.84 lakh crore for FY25.

As India strengthens its global trade linkages and sustains the momentum of compliance, GST collections will continue to provide fiscal strength for the government in the coming quarters.