GST hits Record ₹2.36 Lakh Crore in April 2025 Amid Refund Surge, IGST Dip

India's GST collections for April 2025 reached an all-time high of ₹2.1 lakh crore, registering 14% year-on-year growth despite significant challenges. The record collections came alongside a 22% surge in refund disbursements and 8% decline in IGST receipts, indicating shifting trade patterns. Revenue officials attribute this performance to improved compliance measures and economic recovery, though the substantial refund outgo suggests clearing of pending claims. The data reveals domestic transactions are increasingly driving GST growth as import-related taxes show relative decline.