Indias GST Collections In May Surge Over 16% To Rs 2.01 Lakh Crore

New Delhi: India’s gross Goods and Services Tax (GST) assortment for May 2025 reached Rs 2.01 lakh crore, marking a 16.4 consistent with cent upward push in comparison to the Rs 1.72 lakh crore gathered in May 2024, in step with information launched by way of the Ministry of Finance on Sunday. 

This marks the second one month in a row that GST revenues have stayed above the Rs 2 lakh crore mark, indicating wholesome financial task and secure intake expansion.

In April, GST collections had touched an all-time prime of Rs 2.37 lakh crore, which was once a 13 consistent with cent bounce from March. That spike was once in large part because of year-end monetary filings and reconciliations. However, the sturdy numbers in May counsel that the momentum is constant past seasonal components.

Net GST earnings — which contains refunds — additionally grew considerably, emerging by way of over 20 consistent with cent to Rs 1.73 lakh crore. Domestic GST collections larger by way of 13 consistent with cent, whilst earnings from imports rose sharply by way of 25.7 consistent with cent.

Meanwhile, India’s total financial system may be appearing indicators of solid expansion. Data launched on May 30 confirmed that the rustic completed its expansion goal of 6.5 consistent with cent for the monetary yr 2024.

The financial system expanded by way of 7.4 consistent with cent within the January to March quarter, bouncing again strongly from previous slowdowns. Consumption, a key driving force of expansion, additionally advanced over the yr. After rising by way of 5.6 consistent with cent within the earlier monetary yr, intake has picked up once more.

In April, client sturdy items, comparable to home equipment and electronics, grew by way of 6.4 consistent with cent, reasonably not up to the 6.9 consistent with cent expansion in March. Meanwhile, in April, the GST collections had surged to a file prime of Rs 2.37 lakh crore, which was once a 12.6 consistent with cent building up from Rs 2.10 lakh crore in the similar month the former yr.

The building up in GST collections within the earlier month (April) were pushed by way of the next stage of monetary task and advanced compliance, a senior respectable had mentioned.