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GST collections stay above ₹2 lakh cr in May
The New Indian Express Shivamogga
|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.
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FLERE HISTORIER FRA The New Indian Express Shivamogga
The New Indian Express Shivamogga
PM terms Tamil as 'pride of India' in Mann ki Baat, urges people to learn it
PRIME Minister Narendra Modi on Sunday lauded Tamil as a great language and a source of pride for India, while highlighting the country’s achievements in agriculture, science, defence, tourism and indigenous products during his Mann Ki Baat radio address.
1 min
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The New Indian Express Shivamogga
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2 mins
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The New Indian Express Shivamogga
Argentina and NZ play out thriller
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1 min
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The New Indian Express Shivamogga
Launch pads active across LoC, terrorists waiting for winters, says BSF official
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1 mins
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The New Indian Express Shivamogga
Engineering exports fall 16% in Oct; traders seek faster EPM execution
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1 min
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The New Indian Express Shivamogga
TECH-LED POLICE REFORMS KEY FOR VIKSIT BHARAT: PM
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1 min
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The New Indian Express Shivamogga
Govt to bring bill to impose 70% cess on tobacco
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1 min
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The New Indian Express Shivamogga
₹10 lakh fine, three years of jail in paper leak cases, organised cheating in HP
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1 min
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The New Indian Express Shivamogga
37 more Maoists surrender in Chhattisgarh
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1 min
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It’s vendetta: Cong on FIR against Gandhis
Oppn calls National Herald matter a ‘completely bogus case’
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