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GST collections stay above ₹2 lakh cr in May
The New Indian Express Vellore
|June 02, 2025
Gross GST revenue up 16.4%; robust mop-up for 2nd month in a row; double-digit growth in several large states
IF May GST collection—tax collected for April transactions—are anything to go by, India's economy started the financial year with a bang despite the disruptions caused by US president Donald Trump's threat of reciprocal tariffs.
Gross monthly GST collections in May rose by 16.5% to touch ₹2.01 lakh crore—only the third time since the indirect tax regime came into force in July 2017. Gross domestic revenue rose by 14% to ₹1.5 lakh crore, while revenue from imports increased by 25% to ₹51,000 crore.
Net GST revenues (after deducting refunds from gross collections) showed even better buoyancy as the same increased by 20.4% to ₹1.74 lakh crore. Total refunds contracted by 4% year-on-year.
This story is from the June 02, 2025 edition of The New Indian Express Vellore.
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