Did India’s GST collection really reach a record Rs 22.08 lakh crore in FY25 with a 9.4% rise?
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Synopsis
India's GST collection has soared to a historic Rs 22.08 lakh crore in FY25, marking a significant 9.4% increase. This impressive growth reflects enhanced tax compliance and economic stability. As the nation gears up to celebrate eight years of GST, this achievement underscores the effectiveness of the tax reform in reshaping India's fiscal landscape.
Key Takeaways
- GST collection reached Rs 22.08 lakh crore in FY25.
- 9.4% increase from the previous year.
- Average monthly collection was Rs 1.84 lakh crore.
- GST revenues have more than doubled in five years.
- India celebrates eight years of GST on July 1.
New Delhi, June 30 (NationPress) India’s Goods and Services Tax (GST) collection for the financial year 2024–25 has achieved a record milestone, reaching Rs 22.08 lakh crore, which signifies a remarkable 9.4% increase over the previous year, as announced by the government on Monday.
The average monthly collection for this financial year was Rs 1.84 lakh crore. The government emphasized that GST revenues have more than doubled in a span of just five years.
In the financial year 2020–21, the overall collection was Rs 11.37 lakh crore, with an average monthly figure of Rs 95,000 crore.
This consistent growth in revenue is indicative of improved tax compliance and sustained economic development.
The upward trend in GST collection has persisted month after month. Notably, in May 2025, the gross GST collection surged by 16.4%, exceeding Rs 2.01 lakh crore.
This surge was propelled by both domestic transactions and imports. Domestic revenues increased by 13.7% to Rs 1.50 lakh crore, while import-related GST saw a significant rise of 25.2%, totaling Rs 51,266 crore.
For May's tax breakdown, the central GST amounted to Rs 35,434 crore and the state GST to Rs 43,902 crore.
The Integrated GST (IGST), shared between the Centre and states, was Rs 1.09 lakh crore.
As of April 30, there are over 1.51 crore active GST registrations in India, including more than 1.32 crore normal taxpayers, around 14.86 lakh composition taxpayers, and 3.71 lakh taxpayers registered under Tax Deducted at Source (TDS).
India is also poised to celebrate a significant milestone on July 1, marking eight years since the implementation of the GST regime.
Launched in 2017, GST has emerged as one of the most pivotal tax reforms in India’s history, consolidating multiple indirect taxes into a unified framework.
Point of View
I believe that India's GST collection reaching a record high is a testament to the country's growing economic robustness and effective tax reforms. The consistent rise in revenues illustrates enhanced compliance among taxpayers and reflects the government's commitment to maintaining a stable fiscal environment. Our nation is on a promising path of economic growth.
NationPress
30/06/2025
Frequently Asked Questions
What is the total GST collection for FY25?
The total GST collection for FY25 is Rs 22.08 lakh crore.
How much did the GST collection increase compared to the previous year?
The GST collection increased by 9.4% compared to the previous year.
What was the average monthly GST collection in FY25?
The average monthly GST collection for FY25 was Rs 1.84 lakh crore.
When did India introduce the GST?
India introduced the GST on July 1, 2017.
What is the significance of the GST reform in India?
The GST reform is significant as it replaced multiple indirect taxes with a unified structure, streamlining tax compliance.
