India’s Goods and Services Tax (GST) collections for the financial year 2024–25 surged to a record ₹22,080,000 million, reflecting a 9.4% year-on-year increase, the government announced on Monday.
The average monthly GST collection during the year stood at ₹1,840,000 million, showcasing robust momentum in revenue generation. The government noted that GST revenues have more than doubled in the past five years, signifying expanding economic activity and improved tax compliance.
For context, in FY 2020–21, total GST collections were ₹11,370,000 million, with an average monthly inflow of ₹950,000 million. The steady rise in collections reflects the strengthening of India’s indirect tax framework and a more formalized economy.
The upward trend in GST revenue has remained consistent on a monthly basis. In May 2025 alone, GST collections registered a 16.4% rise, reaching ₹2,010,000 million, compared to the same period last year.
This growth was supported by increased activity in both domestic and international markets. Domestic GST revenues rose by 13.7%, reaching ₹1,500,000 million, while import-related collections surged by 25.2% to ₹512,660 million.
Breaking down the May 2025 tax components:
Central GST (CGST): ₹354,340 million
State GST (SGST): ₹439,020 million
Integrated GST (IGST): ₹1,090,000 million – shared between the Centre and states
As of April 30, 2025, India had over 15.1 million active GST registrations. These included:
13.2 million regular taxpayers
1.486 million composition taxpayers (who pay tax at a fixed rate based on turnover)
0.371 million taxpayers registered under the Tax Deducted at Source (TDS) category
India is also preparing to mark a key milestone on July 1, commemorating eight years since the introduction of GST.
Launched in 2017, GST is widely regarded as one of the most transformative reforms in India’s taxation history. It replaced a maze of central and state-level indirect taxes with a unified, transparent, and technology-enabled tax structure, simplifying compliance and expanding the taxpayer base.
