India’s GST Collections Hit Record ₹22.08 Lakh Crore in FY25
India’s Goods and Services Tax (GST) regime, implemented in 2017, has shown remarkable growth in revenue collections. In a landmark achievement, gross GST collections reached a record high of ₹22.08 lakh crore in the financial year 2024–25 (FY25), doubling from ₹11.37 lakh crore in FY21. This milestone not only highlights India’s economic recovery and robust consumption trends but also reflects the efficiency and maturity of the unified tax system.
India has achieved its highest-ever annual GST revenue in FY25, marking eight years since the GST rollout. The consistent rise in monthly and yearly GST collections demonstrates the system’s growing effectiveness and transparency. As the GST regime completes eight years on July 1, 2025, this achievement underscores its pivotal role in strengthening India’s fiscal framework.
GST replaced,
| Summary/Static | Details |
| Why in the news? | India’s GST Collections Hit Record ₹22.08 Lakh Crore in FY25 |
| GST Collection in FY25 | ₹22.08 lakh crore (record high) |
| YoY Growth from FY24 | 9.4% |
| Monthly Average (FY25) | ₹1.84 lakh crore |
| Registered Taxpayers (2025) | Over 1.51 crore |
| Tax Structure | 5-tier unified indirect tax system |
| Taxes Replaced | 17 taxes & 13 cesses |
India has many cities known for their unique identity, and some of them are famous…
Global credit rating agency Fitch Ratings has revised India’s GDP growth forecast for FY26 to…
In a landmark shift in Pakistan’s military command structure, Field Marshal Asim Munir has been…
India’s Smart Cities Mission (SCM), launched in 2015, is entering its final stretch with an…
Welcome to the November 2025 Edition of the Affairs PDF – your all-inclusive monthly guide to…
The Reserve Bank of India (RBI) recently announced two major liquidity measures, a ₹1 trillion…