India’s Goods and Services Tax (GST) has touched a new high. In the financial year 2024-25 (FY25), gross GST collection hit ₹22.08 lakh crore, its highest ever. This is double the amount collected five years ago in FY21, when it stood at ₹11.37 lakh crore.
This isn’t just a number—it’s a reflection of how GST has grown and matured in India.
Monthly GST Collections Are on Fire
In FY25, the average monthly GST collection rose to ₹1.84 lakh crore. Compare that with ₹1.68 lakh crore in FY24 and ₹1.51 lakh crore in FY22, and you see a clear upward trend.
April 2025 even set a monthly record, collecting ₹2.37 lakh crore, followed by ₹2.01 lakh crore in May. The June numbers are expected on July 1, but the momentum is already strong.
Eight Years of GST: What’s Changed?
Since its launch on July 1, 2017, GST has:
- Replaced 17 local taxes and 13 cesses
- Built a five-tier tax structure
- Added more than 86 lakh new taxpayers, taking the total to 1.51 crore
According to a government statement, GST has strengthened India’s fiscal system, made taxation simpler, and improved transparency.
Also Read RBI Report Shows Improvement in Govt Finances, Decline in Interest Payments
PwC Suggests Next Steps for GST
Marking eight years of GST, PwC recommended:
- Including petroleum products under GST
- Reducing the number of tax slabs
These changes could make the system even more efficient and reduce confusion for businesses and consumers.
Source: Ministry of Finance (dofollow link)
India’s Tax System Is Growing Up
In FY23, the GST collection was ₹18.08 lakh crore. In FY24, it rose to ₹20.18 lakh crore. And now, in FY25, we’re at ₹22.08 lakh crore. That’s consistent, steady growth.
Just five years ago, India was collecting less than ₹1 lakh crore a month. Today, we’re comfortably crossing ₹2 lakh crore in some months.
That’s a big leap in a short time.
GST isn’t just about numbers—it’s about trust in the system. With collections rising, more people coming under the tax net, and reforms on the table, it’s clear: India’s GST story is just getting started.
Also Read India’s Current Account Deficit Drops to $23.3 Billion in FY25 from $26 Billion: RBI
