يحاول ذهب - حر
8 Years of GST: ₹20 Lakh Crore Collected, Compliance Surges, Digital Systems Deepen
July 01, 2025
|The Statesman Bhubaneswar
As India completes eight years of implementing the Goods and Services Tax (GST) on July 1, 2025, the indirect tax regime continues to deliver strong revenue growth, deeper formalisation, and increased taxpayer compliance.
According to data shared by the Ministry of Finance, gross GST collections have cumulatively crossed Rs 20 lakh crore since their rollout in July 2017. For FY25 (up to March), monthly GST revenues consistently averaged above Rs 1.6 lakh crore, a clear indication of the tax's maturing trajectory and robust economic activity.
From Rs 95,610 crore collected in the first month of GST (July 2017), monthly collections have more than doubled. March 2024 saw a record-high monthly GST collection of Rs 1.78 lakh crore, driven by year-end compliance and steady consumption, the data highlighted.
The average monthly GST collection in FY24 stood at Rs 1.68 lakh crore, compared to Rs 1.51 lakh crore in FY23 and Rs 1.23 lakh crore in FY22. In FY25 so far, revenues continue to outperform expectations, reflecting enhanced compliance and technological integration.
هذه القصة من طبعة July 01, 2025 من The Statesman Bhubaneswar.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Statesman Bhubaneswar
The Statesman Bhubaneswar
Bertie's dream comes true!
Bertie, the rabbit, was a kindhearted animal. He lived in a lush green forest.
1 min
November 02, 2025
The Statesman Bhubaneswar
NDA misleading voters: Priyanka Gandhi
Congress General Secretary Priyanka Gandhi launched her election campaign in Bihar with a massive rally at Bachhwara in Begusarai on Saturday.
1 min
November 02, 2025
The Statesman Bhubaneswar
Awaiting the grand finale
It is interesting for me to observe how conversation topics with my friends have evolved with our age. Before we reached retirement age our discussions focused on women/relationships, travelling to exotic places, our professional activities, children's future, debates about Obama's birthplace, sports, movies etc. In more recent years, the focus has shifted to health issues, social security benefits, reminiscing about life, existence of God, financial planning in old age and so on.
4 mins
November 02, 2025
The Statesman Bhubaneswar
Dalit, Muslim communities being attacked under BJP regime: Swami Prasad Maurya
Former UP cabinet minister Swami Prasad Maurya has attacked the BJP alleging that Dalitand Muslim communities are beingattacked in this regime.
1 min
November 02, 2025
The Statesman Bhubaneswar
India look to bounce back in 3rd T20I against Australia
After a forgettable outing in the second T20I against Australia, India will be looking to capitalise on the absence of Josh Hazlewood, with the star quick no longer part of the series even as the continued exclusion of left-arm pacer Arshdeep Singh remains a major talking point ahead of the third T20I at Hobart on Sunday.
1 mins
November 02, 2025
The Statesman Bhubaneswar
BJP’s Shehzad Poonawalla accuses TMC of inciting communal tensions over voter fraud claims
BJP national spokesperson Shehzad Poonawalla on Saturday hit out at TMC over its allegations of fraud in voter lists, saying the issue is not about \"SIR\" but \"Samvidhan par vaar\" and \"Bachao apna apna parivaar\".
2 mins
November 02, 2025
The Statesman Bhubaneswar
Kerala first state free from extreme poverty, CM declares in Assembly amid Opposition boycott
Kerala Chief Minister Pinarayi Vijayan officially declared the state free from extreme poverty at a special session of the Legislative Assembly on the occasion of ‘Kerala Piravi’ (Kerala formation Day), making it the first Indian state to achieve this milestone.
1 mins
November 02, 2025
The Statesman Bhubaneswar
ASEAN defence ministers hail India’s role as responsible superpower in Indo-Pacific
THE MALAYSIAN DEFENCE MINISTER HAS STATED THAT ASEAN, ASA COMMUNITY, WILL BENEFIT BY DEEPENING ITS ENGAGEMENT WITH INDIA IN THE REALM OF CYBER AND DIGITAL DEFENCE AS WELL AS DEFENCE INDUSTRY & INNOVATION.
1 min
November 02, 2025
The Statesman Bhubaneswar
Raj Kumar Arora takes charge as Financial Advisor of Defence Services
Raj Kumar Arora, a 1990-batch officer of the Indian Defence Accounts Service (IDAS), assumed the charge of Financial Advisor, Defence Services, on Saturday, an official said.
1 mins
November 02, 2025
The Statesman Bhubaneswar
Shreyas Iyer discharged from hospital, to remain in Sydney until deemed fit to fly
Star batter Shreyas Iyer, who suffered a blunt abdominal injury while fielding in the third ODI against Australia on 25 October, is stable and was discharged from a Sydney hospital on Saturday, the Board of Control for Cricket in India (BCCI) confirmed.
1 min
November 02, 2025
Listen
Translate
Change font size