US EditionGST Completes Eight Years: ‘Good for Govt, and for Business’
- India's Goods and Services Tax completed eight years on June 30, 2025, marking a major tax reform launched on July 1, 2017.
- GST consolidated approximately 17 state-level taxes and 13 additional levies into a streamlined system featuring five tax slabs, establishing a unified indirect taxation model across the country.
- Since its introduction, GST has experienced significant increases in both revenue and the number of taxpayers, with collections doubling over the past five years and registered taxpayers growing from 65 lakh to more than 1.5 crore.
- In FY25, GST collections hit a record ₹22.08 lakh crore, a 9.4% increase from ₹20.18 lakh crore the previous year, with April 2025 recording a monthly high of ₹2.37 lakh crore.
- The GST ecosystem continues evolving with focus on ease of business, compliance, and reforms like slab rationalization, while facilitating economic formalization and digital tax administration.
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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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