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      Question

      How much were the gross GST collections in financial

      year 2024–25, according to the data?
      A ₹18.76 lakh crore Correct Answer Incorrect Answer
      B ₹21.25 lakh crore Correct Answer Incorrect Answer
      C ₹22.08 lakh crore Correct Answer Incorrect Answer
      D ₹20.93 lakh crore Correct Answer Incorrect Answer
      E ₹19.50 lakh crore Correct Answer Incorrect Answer

      Solution

      The gross GST (Goods and Services Tax) collections for the financial year 2024–25 reached a record ₹22.08 lakh crore. This reflects a 9.4% year-on-year growth, indicating improved compliance and increased economic formalisation. It highlights the success of reforms like e-invoicing and the QRMP scheme, contributing to better tax administration and collection efficiency.

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