GST Collections June News, GST Day 2025: Domestic gross Goods and Services Tax (GST) collections stood at Rs 1.85 lakh crore in June, showed official data released on Tuesday, July 1. This marks a 6.2 per cent increase over the corresponding period a year ago. The latest monthly tally came on a day the country observed GST Day to mark the eight years since the rollout of the indirect tax regime in the country.
The GST unifies 17 different taxes and 13 types of cess. In eight years of its existence since 2017, the GST system has successfully achieved the following:
- Creating a seamless national market
- Achieving simplified compliance
- Digitising tax systems
- Expanding the taxpayer base
- Strengthening cooperative federalism
The indirect tax regime has also reshaped the country’s economic competitiveness and governance culture.
Record Gross GST Collections in FY25 | GST kitty at an all-time high of Rs 22.08 lakh crore in 2024-25
In the financial year ended March 31, the government’s gross GST collections amounted to a record Rs 22.08 lakh crore. That marked a 9.4 per cent increase over the previous financial year.
What PM Narendra Modi said on GST Day
GST stands out as a landmark reform that has reshaped the country’s economic landscape, Prime Minister Narendra Modi wrote on microblogging site X (formerly Twitter), referring to the eight years of the indirect tax.
“By reducing the compliance burden, it has greatly improved the Ease of Doing Business, particularly for small and medium enterprises,” he wrote.
It has also served as a powerful engine for economic growth, while fostering true cooperative federalism by making states equal partners in this journey to integrate India’s market, the PM wrote.
ALSO READ: When PM Modi called new indirect tax ‘Good and Simple Tax’
As the GST system enters its ninth year, the indirect tax regime continues to evolve, prioritising ease of doing business, stronger compliance and broader economic inclusion, solidifying its role as a driver of the country’s economic progress, according to an official statement.
