Budget 2025: Understanding GST and its impact on India's Budget

India's Goods and Services Tax (GST), implemented in 2017, is a crucial revenue source for the government. Strong GST collections, like the ₹1.82 lakh crore in November 2024, indicate a healthy economy. These collections directly impact government spending and budget planning, influencing development and welfare programs. Meeting or exceeding collection targets is vital for funding national growth initiatives.