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.
