GST kitty grows 3.2% in May to `1.94L cr

PTI

New Delhi

Gross Goods and Services Tax (GST) collections rose 3.2% to over ₹1.94 lakh crore in May on higher supplies of goods and services, as well as collection from imports, government data showed on Monday. The 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) was at ₹45,143 crore, and Integrated GST (IGST) reached ₹51,990 crore. Taxable supplies of goods grew 26.9% during the reported period, reflecting higher domestic demand, while the same for the services sector grew 22.2%, demonstrating structural resilience in domestic consumption. Furthermore, IGST collection from imports rose 19.1% during May to ₹59,654 crore, signalling expansion in industrial capacity.

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. This follows an all-time high mop-up of ₹2.43 lakh crore recorded in April.  On a cumulative basis for the first two months of FY2026–27, covering April and May, gross GST collections stood at ₹4.37 lakh crore compared to ₹4.11 lakh crore in the corresponding period of FY2025–26, marking a growth of 6.2%.