India’s GST collections have reached a new historic peak, doubling in just five years to ₹22.08 lakh crore for the fiscal year 2024-25. This marks a 9.4 percent increase over the previous year’s tally and reflects the growing strength of the country’s indirect taxation system.
Introduced on July 1, 2017, the Goods and Services Tax has now completed eight years. Over this period, it has transformed India’s tax landscape by merging 17 local taxes and 13 cesses into a single, unified structure. The move simplified compliance, expanded the tax base, and significantly boosted revenue.
In 2024-25, the average monthly GST collection stood at ₹1.84 lakh crore, an improvement from ₹1.68 lakh crore in 2023-24 and ₹1.51 lakh crore in 2022-23. For comparison, the average monthly collection in 2021-22 was only ₹95,000 crore. Monthly collections hit an all-time high of ₹2.37 lakh crore in April 2025 and remained strong at ₹2.01 lakh crore in May. The June figures are expected to be announced shortly.
From ₹11.37 lakh crore in 2020-21 to ₹22.08 lakh crore in 2024-25, GST revenue has nearly doubled in just five years. This growth reflects robust economic activity, stronger enforcement, and increased compliance. The number of registered taxpayers has also surged from 65 lakh in 2017 to over 1.51 crore in 2025 indicating deeper penetration and a widening tax net.
According to a government statement marking eight years of GST, the system has not only streamlined tax collection but also played a critical role in strengthening India’s fiscal position. Officials highlighted that GST has made indirect taxation more transparent and efficient while supporting the economy’s formalization.
The year-on-year growth figures underline the continued relevance and importance of GST in India’s economic strategy. In 2022-23, collections stood at ₹18.08 lakh crore. That grew to ₹20.18 lakh crore in 2023-24 and has now reached ₹22.08 lakh crore.
The sharp jump in revenue this year has been aided by increased compliance, analytics-based monitoring, and crackdowns on tax evasion. At the same time, digitization and ease-of-filing measures have made GST less burdensome for taxpayers.
With strong collections continuing and the system maturing year after year, GST is expected to remain a cornerstone of India’s economic framework, delivering revenue stability while supporting growth and transparency.
As GST turns eight, its impact on India’s tax evolution is undeniable. It has replaced complexity with clarity and positioned the country for a stronger, more formal economy in the years ahead.