GST completes eight years; record ₹22.08 lakh crore gross collection in 2024–25
On 1 July 2025, the Goods and Services Tax completed eight years, with PM Narendra Modi calling it a landmark reform and gross collections hitting a record ₹22.08 lakh crore in 2024–25.
Summary
The Goods and Services Tax (GST) completed eight years on 1 July 2025; Prime Minister Narendra Modi called it a landmark reform that has eased compliance and fostered cooperative federalism. According to a PIB backgrounder, gross GST collections hit a record ₹22.08 lakh crore in 2024–25, up 9.4% year on year, with an average monthly collection of ₹1.84 lakh crore, and active GST registrations exceeded 1.51 crore as of 30 April 2025. The GST Council, chaired by the Union Finance Minister, was constituted under Article 279A of the Constitution (static) and has held 55 meetings.
Key facts
- Milestone
- 8 years of GST, 1 July 2025
- 2024–25
- Record ₹22.08 lakh crore gross; +9.4%; ₹1.84 lakh crore/month
- Taxpayers
- 1.51 crore+ active registrations (30 April 2025)
- GST Council (static)
- Article 279A; chaired by Union Finance Minister; 55 meetings
Practice MCQs 3 questions
What was India's record gross GST collection in 2024–25, as GST completed eight years?
Show answer
Correct answer: B — ₹22.08 lakh crore
PIB: in 2024–25, gross GST collections hit a record ₹22.08 lakh crore, marking a year-on-year growth of 9.4%.
Under which Article of the Constitution was the GST Council constituted?
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Correct answer: D — Article 279A
PIB: the GST Council was constituted as per Article 279A of the Constitution and is chaired by the Union Finance Minister.
Who chairs the GST Council?
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Correct answer: A — Union Finance Minister
PIB: the GST Council consists of the Union Finance Minister (Chairperson), the Union MoS in charge of Revenue or Finance, and state Finance/Taxation Ministers.