Daijiworld Media Network - New Delhi

New Delhi, Jun 30: India’s Goods and Services Tax (GST) collections reached an all-time high of Rs 22.08 lakh crore in the financial year 2024–25, reflecting a robust 9.4% year-on-year growth. The Ministry of Finance announced the figures on Monday, calling it a clear sign of both improved tax compliance and sustained economic expansion.

With an average monthly mop-up of Rs 1.84 lakh crore, the current fiscal year’s GST performance significantly outpaced earlier years. To put the growth in perspective, the total GST collection in 2020–21 stood at just Rs 11.37 lakh crore, with a monthly average of Rs 95,000 crore — meaning collections have more than doubled in five years.

The rising trend remained steady through the months, with May 2025 emerging as a standout, clocking over Rs 2.01 lakh crore — a 16.4% jump compared to the same month last year. This spike was attributed to growth in both domestic and import-related revenues. Domestic collections rose by 13.7% to Rs 1.50 lakh crore, while GST from imports surged by 25.2% to Rs 51,266 crore.

Breaking down the May figures: Central GST (CGST) was Rs 35,434 crore, State GST (SGST) stood at Rs 43,902 crore, and the Integrated GST (IGST), shared between the Centre and states, came in at Rs 1.09 lakh crore.

As of April 30, India had over 1.51 crore active GST registrations, including more than 1.32 crore regular taxpayers, nearly 14.86 lakh composition scheme taxpayers, and 3.71 lakh entities registered under TDS.

The milestone comes just ahead of the eighth anniversary of the GST regime, introduced on July 1, 2017. Replacing a web of indirect taxes, GST is now widely considered one of India’s most significant economic reforms, ushering in a unified tax framework across the country.