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GST Day 2025 Special: The government’s gross Goods and Services Tax (GST) collections reached an unprecedented Rs 22.08 lakh crore in the year ended March 31, 2025, marking 9.4 per cent growth over the previous financial year. The data comes as the indirect tax regime completes eight years since its implementation back in 2017, reflecting the rising formalisation of the economy and improved tax compliance in the country.

Every year, India observes GST Day on July 1, celebrating the implementation of this significant tax reform in 2017.

The GST—which unifies 17 different taxes and 13 types of cess—has successfully created a seamless national market, achieved simplified compliance, digitised tax systems, expanded the taxpayer base, and strengthened cooperative federalism, reshaping the country’s economic competitiveness and governance culture, according to an official statement.

Those achievements are aligned with Prime Minister Narendra Modi’s vision about the new indirect tax regime.

The Prime Minister had said during his monthly radio address to the nation, back in July 2017: “I call GST ‘Good and Simple Tax’. Indeed, it has produced a big positive effect on our economy in a very short time span… And some day, the pundits of economics, pundits of management and pundits of technology will certainly undertake researches and write about India’s GST experiment as a model for the world. It will become a case study for universities across the world.”

Meanwhile, since its first meeting in September 2016, the Finance Minister-headed GST Council has made a number of decisions at as many as 55 meetings as of date. As a constitutional body responsible for making recommendations on issues related to the rollout of GST, the Council has worked tirelessly to bring about a significant impact on the GST implementation in the country during these eight years. 

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Here’s a summary of some of the key decisions taken by the Finance Minister-chaired GST Council:

GST enters its ninth year

Stepping into 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, the statement noted.

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