New Delhi, June 30 -- India's Goods and Services Tax (GST) system has achieved a major milestone in 2024-25, with a record gross collection of Rs.22.08 lakh crore, showing a 9.4 per cent growth over the previous year.
According to a release by the finance ministry, the average monthly GST collection stood at Rs.1.84 lakh crore, the highest since GST was launched in 2017.
GST collections have steadily increased over the years, rising from Rs.11.37 lakh crore in 2020-21 to Rs.20.18 lakh crore in 2023-24, reflecting stronger economic activity and better compliance.
As of April 30, 2025, there are now over 1.51 crore active GST registrations, showing growing participation in the tax system.
The GST Council, which was formed under the Cons...
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