The Indian government has achieved a record high in Goods and Services Tax (GST) collection, with the total revenue doubling over the last five years. This significant growth is attributed to improved compliance, streamlined systems, and a sharp increase in the number of registered taxpayers — all of which have provided a solid boost to the Indian economy.
In the financial year 2020–21, the total GST collection stood at ₹11.37 lakh crore. Fast forward to the ongoing fiscal year 2024–25, and the collection has surged to ₹22.08 lakh crore — nearly double the amount in just four years. This marks an unprecedented high in the government's indirect tax revenue since the rollout of GST.
Since GST's implementation in 2017, the government’s revenue from indirect taxation has steadily increased year after year. A key driver of this growth has been the expansion of the taxpayer base. In 2017, around 65 lakh taxpayers were registered under GST. Today, that number has soared to 1.11 crore — nearly double in just eight years.
This surge in taxpayer registration and revenue collection reflects the increasing trust in and effectiveness of the GST regime. Experts believe that GST collections will continue to rise in the coming years, further strengthening India's economic foundation.
The GST system has not only boosted revenue but also improved transparency and efficiency in indirect taxation. The latest figures reinforce the government’s success in expanding its tax base while making compliance easier for businesses across the country.