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GST Review July-2025

From the Outgoing President

Mahesh Madkholkar
Dear Esteemed Members and Fellow Tax Professionals, As we step into the eighth year of GST implementation since July 1, 2017, I extend my heartfelt congratulations to all stakeholders who have contributed to this remarkable journey of transformation. It is truly commendable that GST collections have almost doubled from the first year to the eighth year, demonstrating the robustness and success of this transformative tax reform. The GST collection for June 2025 has crossed ₹ 1,84,597 lakh crores, with Maharashtra leading the way with contributions exceeding ₹ 30,553 crores- significantly ahead of Karnataka (₹13,409 crores) and Gujarat (₹ 11,040 crores). This achievement belongs to all taxpayers - corporate and non-corporate entities, public undertakings, the entire State GST and Central GST departments, and the dedicated professionals including Chartered Accountants, Advocates, Cost Accountants, GST Practitioners, and others who have supported this ecosystem. This col.......