📷 Image: Wikimedia Commons / Zorawar385
Business
India GST Collections Rise 22.9% to ₹2.31 Lakh Crore
✍️ Asianet Newsable
🗓 02 Nov 2026, 09:38 AM
👁 16
India’s Goods and Services Tax receipts jumped 22.9% to reach ₹2.31 lakh crore in the latest fiscal period, according to the Ministry of Finance.
India’s Ministry of Finance announced that the country’s GST receipts have surged by 22.9% to ₹2.31 lakh crore in the most recent reporting period. The rise reflects a steady recovery in economic activity following the easing of pandemic restrictions and the launch of new tax incentives for small businesses. Analysts note that the increase is a positive signal for the government’s fiscal health and may provide a cushion for future expenditure plans.
The data covers the period from April to June 2024 and shows that both central and state GST collections have improved, with the central government recording a higher share of the total revenue. The government has stated that it will continue to monitor the trend and adjust tax policies to sustain growth.
The 22.9% jump is the highest quarterly growth seen in the past two years, underscoring the resilience of India’s tax base. The Ministry’s report also highlighted a rise in e‑filing and digital compliance, which have contributed to the higher collection figures.
"The increase in GST receipts is a testament to the effectiveness of the tax reforms implemented over the last few years," a spokesperson from the Ministry said. "We remain committed to ensuring a fair and efficient tax system for all stakeholders."
The government plans to use the additional revenue to fund infrastructure projects and social welfare schemes, aiming to boost overall economic development.
The data covers the period from April to June 2024 and shows that both central and state GST collections have improved, with the central government recording a higher share of the total revenue. The government has stated that it will continue to monitor the trend and adjust tax policies to sustain growth.
The 22.9% jump is the highest quarterly growth seen in the past two years, underscoring the resilience of India’s tax base. The Ministry’s report also highlighted a rise in e‑filing and digital compliance, which have contributed to the higher collection figures.
"The increase in GST receipts is a testament to the effectiveness of the tax reforms implemented over the last few years," a spokesperson from the Ministry said. "We remain committed to ensuring a fair and efficient tax system for all stakeholders."
The government plans to use the additional revenue to fund infrastructure projects and social welfare schemes, aiming to boost overall economic development.