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India’s GST collection for July 2025 stood at ₹1.95 lakh crore, marking a 7.5% year-on-year increase. Maharashtra, Karnataka, and Gujarat led in collections, while states like Punjab and Andhra Pradesh posted strong growth. Refunds surged by 66.8%, easing cash flow for businesses. With steady revenue and policy shifts ahead, the data signals a stable yet watchful road to the festive season.