What question did this study set out to answer?

This study aims to evaluate the effectiveness of the Goods and Services Tax (GST) reform by analyzing its revenue growth trends.

May 7, 2026Open Access

Trends and Growth Pattern of GST Revenue in India: An Empirical Analysis

Key Points

This study aims to evaluate the effectiveness of the Goods and Services Tax (GST) reform by analyzing its revenue growth trends.
Analyzed GST revenue trends from 2017–18 to 2023–24 using secondary data from government reports.
Utilized trend analysis and graphical presentations to illustrate revenue changes over time.
Identified a significant upward trend in GST revenue since implementation, highlighting its importance as a revenue source.
Observed variations in monthly revenue growth, emphasizing seasonal and economic factors influencing GST receipts.

Abstract

The introduction of the Goods and Services Tax (GST) in India on July 1, 2017 marked a significant reform in the country's indirect tax system. GST replaced multiple indirect taxes such as excise duty, service tax, and value added tax with the objective of creating a unified tax structure and improving tax compliance. Since its implementation, GST has become one of the most important sources of revenue for both the central and state governments. Understanding the trend and growth pattern of GST revenue is essential to evaluate the effectiveness of this tax reform. The present study examines the trends and growth pattern of GST revenue in India from 2017–18 to 2023–24. The study is based on secondary data collected from government reports, GST Council publications, and official financial documents. Trend analysis and graphical presentation are used to analyse the changes in GST revenue over time.

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