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2w ago

India’s May GST Collections Rise 16.4% to ₹2.01 Lakh Crore

Net GST revenue after refunds climbed 20.4%, giving the government added fiscal headroom for policy decisions

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India's GST collections in May surge over 16 pc to Rs 2.01 lakh crore (File Photo)
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Overview

  • Gross GST collections hit ₹2.01 lakh crore in May, marking the second straight month above ₹2 lakh crore and a 16.4% year-on-year increase.
  • Import-related GST revenue surged 25.2% to ₹51,266 crore and domestic transactions rose 13.7% to contribute ₹1.49 lakh crore.
  • Net GST receipts post-refunds jumped to ₹1.73 lakh crore, reflecting stronger cash flows for the Centre and states.
  • State-wise growth varied sharply with Maharashtra, West Bengal, Karnataka and Tamil Nadu up 17–25%, while Gujarat, Andhra Pradesh and Telangana saw single-digit gains.
  • The robust collections support the Finance Ministry’s 11% annual revenue target and experts say sustained momentum could enable rate rationalisation and inform the RBI’s next policy review.