US Edition
GST Completes Eight Years: ‘Good for Govt, and for Business’
- On July 1, India’s GST system achieved a record Rs 22.08 lakh crore in FY25, doubling collections over five years with 9.4% growth.
- The GST reform unified 17 local taxes and 13 cesses into a five-tier system, with AI tools boosting compliance, leading to higher revenue collection.
- Government data shows Rs 22.08 lakh crore in FY25 GST collections, a 9.4% rise, driven by digital reforms and increased taxpayer compliance, with over 90% of returns filed on time.
- From July 1, the GST portal will block filings over three years overdue, preventing any returns after expiry, to strengthen compliance.
- In its ninth year, the GST Council plans to consider merging tax slabs and expanding to sectors like petroleum and real estate to promote further ease of doing business and economic growth.
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GST collections double in five years to record ₹22.08 lakh crore in FY25
Monthly collections hit a record high of 2.37 lakh crore in April 2025, followed by 2.01 lakh crore in May..GST collections, Goods and Services Tax, India GST, tax revenue, GST revenue, FY25 GST, indirect tax, tax reform, Indian economy, fiscal position, GST growth, GST India
8 Years of GST: Rs 20 Lakh Crore collected, compliance surges, digital systems deepen - The Statesman
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.
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R 29%
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