GST Collection so far – Full GST Revenue Data for FY 2024-2025

Table of contents:

• Understanding GST collection
• Year-wise GST Collection Trends (2017-2025)
• Month-wise GST Collection (2024-25)
• Highest & Lowest GST Collections Ever
• State-wise Latest data
• Factors Affecting GST Collection
• Government Measures to Boost GST Revenue
• Forecast for 2025-26
• Conclusion

India’s Goods and Services Tax (GST) system has seen consistent growth in revenue collection, with the government crossing the ₹1.6 lakh crore mark per month. The highest-ever GST collection was recorded in April 2024 at ₹2.10 lakh crore, showcasing a strong compliance framework and economic recovery.

Here you will learn about monthly and yearly trends on GST collections, factors influencing revenue, and future projections. With increasing enforcement measures and GST slab rationalization expected in 2025, businesses must stay updated with these trends.

Let’s start with year wise trends

Since GST was implemented in July 2017, the annual revenue collection has seen steady growth. Below is a historical GST collection trend.

Key Insight: GST collection has more than doubled since its inception in 2017, showcasing its success as a stable revenue source.

Monthly GST Collection Trends 2024-2025

Key Takeaways:

• April 2024 saw the highest-ever GST collection at ₹2.10 lakh crore due to annual filings.
• January 2025 recorded the second-highest collection at ₹1.95 lakh crore, showing strong compliance.
• October-November 2024 saw significant revenue spikes due to festive season shopping.
• GST revenue remained consistently above ₹1.6 lakh crore per month, indicating economic stability.
• Full Budget 2024 (July) could introduce tax slab changes, influencing future GST collections.

Source of all publications on web are from these PDFs which you can review for every single month:

• https://tutorial.gst.gov.in/downloads/news/approved_monthly_gst_data_for_publishing_jan_2025.pdf
• https://tutorial.gst.gov.in/downloads/news/approved_monthly_gst_data_for_publishing_dec_2024.pdf 
• https://tutorial.gst.gov.in/downloads/news/approved_monthly_gst_data_for_publishing_nov_2024.pdf
• https://tutorial.gst.gov.in/downloads/news/revenue_report_oct24.pdf
• https://tutorial.gst.gov.in/downloads/news/revenue_report_sep24.pdf
• https://tutorial.gst.gov.in/downloads/news/revenue_report_aug24.pdf
• https://tutorial.gst.gov.in/downloads/news/approved_monthly_gst_data_for_publishing_july_2024.pdf
• https://tutorial.gst.gov.in/downloads/news/revenue_report_jun24.pdf
• https://pib.gov.in/PressReleasePage.aspx?PRID=2022459 (May 2024 Revenue)
• https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2019262 (April 2024 revenue)

Older links can be taken from here – https://gstcouncil.gov.in/gst-revenue

Highest & Lowest GST Collections Ever Recorded

• April 2024: ₹2.10 lakh crore (Record high due to financial year-end filings).
• April 2020: ₹32,172 crore (COVID-19 lockdown impact).

Latest report for Feb-25 month: India’s GST Collection Jumps 9.1% in February 2025

Factors Affecting GST Collection

GST collections are influenced by multiple economic, compliance, policy, and industry factors. Understanding these elements helps predict future revenue trends and economic performance.

#1 – Economic Growth:

• Higher GDP = More transactions = Higher GST revenue.
• A growing economy increases business turnover and tax compliance.

#2 – Tax Compliance & Evasion Control:

• E-invoicing and AI-driven audits have reduced tax fraud.
• Stricter GST return filing norms have improved compliance.

#3 – Policy & Rate Changes:

• Government slab rationalization can impact revenue.
• Possible merger of 12% & 18% slabs into 15% could improve collections.

#4 – Industry Performance:

• High GST revenue from manufacturing, e-commerce, real estate.
• Decline in MSME performance could impact tax contributions.

Government Measures to Boost GST Revenue

To increase collections, the government has implemented several revenue-boosting initiatives:

• E-invoicing mandate to reduce fake invoices.
• AI-based monitoring of GST returns to detect evasion.
• Automated ITC verification for seamless credit claims.
• Bringing petroleum products under GST (debated but not implemented yet).

GST Council meetings are being organized on regular basis to take necessary steps to boost GST revenue. Below are few recent meetings happened which takeaways are available to explore –

• Takeaways from the 55th GST Council Meeting with Agenda Highlights
• 54th GST Council Meeting: Key Decisions, Tax Changes, and Future Plans

Future of GST Collection in India (2025 & Beyond)

Experts predict further growth in GST revenue driven by:

• Slab rationalization simplifying tax rates.
• Stronger compliance measures reducing fraud.
• Expansion of GST base by including new industries.

GST collection is a barometer of India’s economic health. With consistent revenue growth, better compliance, and digital reforms, GST is set to become an even stronger tax system. Businesses must stay updated with policy changes and tax trends to optimize financial planning.

References:

• GST Council Website gstcouncil.gov.in
• Ministry of Finance finmin.nic.in
• Reserve Bank of India (RBI) Reports rbi.org.in
• Economic Survey 2023-24 indiabudget.gov.in

Disclaimer: The data is being shown here is based on the research done via online publications and does not guarantee on the accuracy. Pls do your own research before trusting. This blog is created to help people to understand on GST collection and to verify, you can visit GST official website give above.

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