“Gross Goods and Services Tax (GST) collection doubled in five years to reach an all-time high of ₹22.08 lakh crore in the 2024-25 fiscal year, from ₹11.37 lakh crore in FY21,” government data showed on Monday (June 30, 2025.)
The gross GST collection touched its highest-ever level of ₹22.08 lakh crore in 2024-25, registering a 9.4% growth over the previous fiscal year. The average monthly collection stood at ₹1.84 lakh crore in FY25, up from ₹1.68 lakh crore in FY24 and ₹1.51 lakh crore in FY22.
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In eight years, the number of registered taxpayers under GST has risen from 65 lakh in 2017 to more than 1.51 crore.
“Since its rollout, the GST has shown strong growth in revenue collection and tax base expansion. It has steadily strengthened India’s fiscal position and made indirect taxation more efficient and transparent,” a government statement on eight years of GST said.
In 2024-25, GST recorded its highest-ever gross collections of ₹22.08 lakh crore, reflecting a year-on-year growth of 9.4%. In 2023-24 and 2022-23, GST collections were ₹20.18 lakh crore and ₹18.08 lakh crore in 2022-23. In 2021-22, total gross GST collections were ₹11.37 lakh crore, and the average monthly collection was ₹95,000 crore. GST, which was launched on July 1, 2017, completes eight years on Monday (June 30, 2025.)
GST subsumed about 17 local taxes and 13 cesses into a five-tier structure, simplifying the tax regime. Monthly GST collection had touched a record high of ₹2.37 lakh crore in April 2025. In May 2025, it was at ₹2.01 lakh crore. The numbers for June will be released on Tuesday (July 1, 2025.)
Published – June 30, 2025 03:45 pm IST
