• 30 Jun 2025 06:38 PM
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India's GST collections hit all-time high of ₹22.08 lakh crore in 2024-25, a 9.4% growth YoY — Details here

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India's GST collections hit an all-time high of ₹22.08 lakh crore in the 2024-25 financial year. The collections doubled in the last five years when compared to the 2020-21 fiscal year levels.

India's gross collection of goods and services tax (GST) hit an all-time high of ₹22.08 lakh crore in the financial year 2024-25, marking a 9.4 per cent year-on-year (YoY) growth compared to the previous financial year, according to an official statement on Monday, 30 June 2025. 

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"In 2024–25, GST recorded its highest-ever gross collection of ₹22.08 lakh crore, reflecting a year-on-year growth of 9.4 per cent. The average monthly collection stood at ₹1.84 lakh crore," said the government in a press note.

The data also showed that gross collections doubled in the last five years, compared to ₹11.37 lakh crore in the 2020-21 fiscal year. The monthly average collection of GST was ₹95,000 crore during that time.

As of 30 April 2025, there are more than 1.51 crore active GST registrations in India, with over 1.32 crore as normal taxpayers, 14.86 lakh composition taxpayers, and 3.71 lakh as Tax Deducted at Source (TDS) among other taxable portions. 

Also Read | India's GST collections for May 2025 up 16.4% to ₹2.01 lakh crore

"In 2020–21, the total collection was ₹11.37 lakh crore, with a monthly average of ₹95,000 crore. The following year, it rose to ₹14.83 lakh crore, and then to ₹18.08 lakh crore in 2022–23. In 2023–24, GST collections reached ₹20.18 lakh crore, showing consistent growth in compliance and economic activity," said the government in the release.

On 1 July 2025, India will mark the completion of eight years since the implementation of the GST. 

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GST collection for May 2025

The gross GST collections for May 2025 witnessed a 16.4 per cent rise to over ₹2.01 lakh crore, reported news agency PTI, citing government data on 1 June 2025.

In May 2025, gross revenues from domestic transactions increased 13.7 per cent to ₹1.50 lakh crore, while GST revenues from imports rose 25.2 per cent to ₹51,266 crore.

According to the agency report, the gross central GST revenues stood at ₹35,434 crore, while the State GST revenues were ₹43,902 crore. The Integrated GST for May 2025 was ₹1.09 lakh crore.

The total GST refunds for May dropped 4 per cent to ₹27,210 crore, as per the latest data.