Monday, June 1


Image used for representation purpose only
| Photo Credit: Getty Images/iStockphoto

Gross GST collections rose 3.2% to over ₹1.94 lakh crore in May on improved supplies of goods and services, and continued expansion of collection from imports, government data showed on Monday (June 1, 2026).

Gross GST collection stood at ₹1.88 lakh crore in May, 2025.

Gross Central GST (CGST) collection from domestic transactions during the reported month stood at ₹37,397 crore, State GST (SGST) at ₹45,143 crore and Integrated GST (IGST) at ₹51,990 crore.

Taxable supplies of goods grew 26.9% during the reported period, reflecting domestic demand, while the same for the services sector grew 22.2%, demonstrating structural resilience in domestic consumption.

IGST collection from imports rose 19.1% during May to ₹59,654 crore, signalling expansion in industrial capacity.

Goods and Services Tax (GST) refunds grew 2.6% to ₹27,281 crore.

After adjusting refunds, net GST revenues in May rose 3.3% to about ₹1.67 lakh crore.

GST mop-up in April reached an all-time high of ₹2.43 lakh crore.



Source link

Share.
Leave A Reply

Exit mobile version