New Delhi, June 30: India’s Goods and Services Tax (GST) system has achieved a significant milestone in 2024–25, with gross collections reaching a record ₹22.08 lakh crore—marking a 9.4% increase over the previous fiscal year.
According to the Finance Ministry, the average monthly GST collection now stands at ₹1.84 lakh crore, the highest since the tax was introduced in 2017. Collections have seen steady growth over the years, rising from ₹11.37 lakh crore in 2020–21 to ₹20.18 lakh crore in 2023–24, driven by stronger economic activity and improved compliance.
As of April 30, 2025, there are over 1.51 crore active GST registrations, reflecting expanding participation in the tax framework.
The GST Council—chaired by the Union Finance Minister and comprising state finance ministers and senior officials—has been instrumental in shaping GST policy. Since its inception in 2016, the Council has convened 55 times, focusing on simplifying procedures and making the system more business-friendly.
Now in its eighth year, GST is regarded as one of India’s most transformative tax reforms. By replacing multiple indirect taxes with a unified national system, GST has helped streamline business operations, lower transaction costs, and promote a common market across the country.
