The gross GST assortment touched its highest-ever stage of ₹22.08 lakh crore in 2024-25, registering a 9.4% progress over the earlier fiscal 12 months. The common month-to-month assortment stood at ₹1.84 lakh crore in FY25, up from ₹1.68 lakh crore in FY24 and ₹1.51 lakh crore in FY22.
Eight years of GST: #PwC suggests petro-products’ inclusion, reducing tax slabs
In eight years, the variety of registered taxpayers beneath GST has risen from 65 lakh in 2017 to greater 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 authorities assertion on eight years of GST stated.
In 2024-25, GST recorded its highest-ever gross collections of ₹22.08 lakh crore, reflecting a year-on-year progress of 9.4%. In 2023-24 and 2022-23, GST collections had been ₹20.18 lakh crore and ₹18.08 lakh crore in 2022-23. In 2021-22, whole gross GST collections had been ₹11.37 lakh crore, and the common month-to-month assortment was ₹95,000 crore. GST, which was launched on July 1, 2017, completes eight years on Monday (June 30, 2025.)
GST subsumed about 17 native taxes and 13 cesses right into a five-tier construction, simplifying the tax regime. Monthly GST assortment had touched a file excessive of ₹2.37 lakh crore in April 2025. In May 2025, it was at ₹2.01 lakh crore. The numbers for June will probably be launched on Tuesday (July 1, 2025.)
Published – June 30, 2025 03:45 pm IST
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