India’s GST collections for the financial year ended 2024-25 hit an all-time high of ₹22.08 lakh crore. The collections also doubled in the last five years when compared to the 2020-21 fiscal year levels.
India’s gross collection of goods and service tax (GST) for the financial year ended 2024-25 hit an all-time high of ₹22.08 lakh crore, marking a 9.4 per cent year-on-year (YoY) growth compared to the previous financial year, according to an official announcement on Monday, 30 June 2025.
“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 released on Monday.
The data release 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.
“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 goods and services tax (GST) in 2025.
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 the news agency PTI, citing the government data release 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 the month of May dropped 4 per cent to ₹27,210 crore, as of the latest data release.
