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8 Years of GST: ₹20 Lakh Crore Collected, Compliance Surges, Digital Systems Deepen
The Statesman Bhubaneswar
|July 01, 2025
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.
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