India's Goods and Services Tax (GST) collection jumped to a record ₹22.08 lakh crore in the financial year 2024–25, marking a strong 9.4% increase over the previous year, the government said on Monday.
On a quarterly basis, collections averaged ₹1.84 lakh crore for the year. Officials cited that GST revenues have doubled in the last five years, marking a significant landmark in the nation's taxation system.
In 2020–21, collections were at ₹11.37 lakh crore, averaging ₹95,000 crore per month. This steady upward slope speaks not only of better tax compliance but also of an increasingly growing economy. Month-on-month growth in GST revenues has become a norm, with May 2025 alone posting a 16.4% increase in gross GST collections that crossed ₹2.01 lakh crore.
This boost was facilitated by an increase in domestic as well as import transactions. Domestic revenues rose by 13.7% to ₹1.50 lakh crore, whereas GST from imports saw a sharp 25.2% increase at ₹51,266 crore. Disaggregating the May collections: Central GST accounted for ₹35,434 crore, State GST accounted for ₹43,902 crore, and the Integrated GST (IGST), which is shared between the Centre and states, accounted for ₹1.09 lakh crore.
As of April 30, there were over 1.51 crore active GST-registered taxpayers in India. These consisted of more than 1.32 crore regular taxpayers, around 14.86 lakh composition taxpayers, and approximately 3.71 lakh registered under Tax Deducted at Source (TDS).
India is also preparing to mark an important milestone on July 1 — the eighth anniversary of GST implementation. Introduced in 2017, GST has been termed a game-changing reform, consolidating a plethora of indirect taxes into a single, efficient system of taxation.
