India's GST Collections Reach Record ₹22.08 Lakh Crore in FY 2024-25, Up 9.4% YoY

India’s gross Goods and Services Tax (GST) collections hit a historic high of ₹22.08 lakh crore in the financial year 2024–25, recording a 9.4% year-on-year (YoY) growth over the previous fiscal year, according to an official statement issued by the Ministry of Finance on Monday.

“In FY 2024–25, GST recorded its highest-ever gross collection of ₹22.08 lakh crore, with an average monthly collection of ₹1.84 lakh crore,” the press note stated.

📈 Year-on-Year GST Growth Breakdown

This record-breaking figure marks a strong momentum in tax compliance and economic activity across sectors. Here’s how the growth compares:

FY 2023–24 GST collection: ₹20.18 lakh crore (approx.)

FY 2024–25 GST collection: ₹22.08 lakh crore

YoY Growth: 9.4%

The growth is attributed to robust domestic consumption, improved compliance measures, digitized invoicing systems, and anti-evasion enforcement.

🧾 Monthly GST Revenue Trends

The average monthly GST collection in FY 2024–25 stood at ₹1.84 lakh crore — the highest ever since GST was implemented in July 2017. Monthly collections consistently crossed ₹1.7 lakh crore for most months, with March 2025 reporting the highest monthly figure of ₹1.99 lakh crore.

🏛️ Government’s Statement on Record GST Revenue

The Ministry of Finance emphasized that the GST growth reflects stronger economic resilience, aided by technology-driven compliance tools like e-invoicing, AI-driven audits, and real-time tax tracking.

“The consistent increase in GST revenue not only strengthens India’s fiscal position but also enables greater investments in infrastructure, welfare schemes, and digital governance,” the ministry added.

📌 Conclusion

India’s all-time high GST revenue of ₹22.08 lakh crore in FY 2024–25 highlights growing economic activity and stronger tax compliance frameworks. With digitization and enforcement continuing to improve, the government aims to maintain this upward trend into FY 2025–26.