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This Week in Global Affairs
Date: 2025-07-04
  • India celebrated the 8th Anniversary .

 

India celebrated the 8th anniversary of the implementation of the Goods and Services Tax (GST) on July 1 , 2025 . This achievements included monthly collections averaging ₹1.65 lakh crore in FY25 and reaching a record ₹2.10 lakh crore in April 2025 . A major achievements in the country's indirect tax reform history .The anniversary highlighted the system's success in unifying multiple central and state taxes into a single market , though discussions about ongoing reforms and challenges continue . 

Gross GST collections hit a record high of approximately ₹2.37 lakh crore in April 2025 .The total collection for the 2024 - 25 fiscal year was an unprecedented ₹22.08 lakh crore , a 9.4% year-on-year growth .

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