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GST Collection Hits Record High, Shows Rising Compliance
The Daily Guardian
|July 01, 2025
Survey confirms strong industry support for GST with 85% happy with the system
India's Goods and Services Tax (GST) system has achieved a major milestone in 2024-25, with a record gross collection of Rs 22.08 lakh crore, showing a 9.4 per cent growth over the previous year.
According to a release by the finance ministry, the average monthly GST collection stood at Rs 1.84 lakh crore, the highest since GST was launched in 2017.
GST collections have steadily increased over the years, rising from Rs 11.37 lakh crore in 2020-21 to Rs 20.18 lakh crore in 2023-24, reflecting stronger economic activity and better compliance.
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