GST revenue momentum holds: December collections stand at Rs 1.75 lakh crore; up 6.1%
The April-December period of 2025-26 saw massive growth in GST collections, with total collections reaching Rs 16.5 lakh crore, up 8.6 per cent from Rs 15.2 lakh crore in the same period last year. Both central and state components showed positive growth during this time.The fiscal year 2024-25 also proved to be a landmark year for GST, with collections hitting a record Rs 22.08 lakh crore, showing a 9.4 per cent jump from its previous year.
The average monthly collection reached its highest level since GST’s 2017 launch, standing at Rs 1.84 lakh crore.This growth comes after the system moved from four tax slabs to two main rates of 5 per cent and 18 per cent, with a special 40 per cent rate for luxury goods.The recent reforms announced by Prime Minister Modi from the Red Fort on Independence Day and implemented from the first day of Navratri represent the most significant overhaul of the system.
These changes aim to reduce the tax burden on citizens while promoting economic growth through a simpler tax structure.
Meanwhile, since its formation in 2016, the Council has held 55 meetings and taken several key decisions aimed at simplifying the GST framework and making it more business-friendly.
