Image default
Business

GST Collections For May Moderate To Rs 1.94 Lakh Crore, Revenues Up By 3.2%

The gross Goods and Services Tax (GST) collections for the month of May moderated to Rs 1.94 lakh crore from a record Rs 2.42 lakh crore in April. However, the revenues remained 3.2% higher than the Rs 1.88 lakh crore collected in the same month last year, official data said on Sunday.
Net GST revenue rose 3.3% year-on-year to Rs 1.67 lakh crore, compared with Rs 1.62 lakh crore in May 2025 while the total refunds increased 2.6% to Rs 27,281 crore, and cumulative refunds for the financial year so far climbed 10.9% to Rs 59,063 crore.
Gross Central GST (CGST) collection from domestic transactions during the reported month stood at Rs 37,397 crore, State GST (SGST) at Rs 45,143 crore and Integrated GST (IGST) at Rs 51,990 crore.
As per the official data, the gross GST revenue from imports rose 19.1% year-on-year to Rs 59,654 crore in May, while gross domestic revenue declined 2.6% to Rs 1.35 lakh crore. On a net basis, customs GST collections jumped 19.7% to Rs 49,403 crore, whereas net domestic revenue fell 2.3% to Rs 1.18 lakh crore.

Related posts

Sugar Production May Dip By 11 Per Cent From Initial Estimate, Says Govt

Shawn Bernier

Expired Maggi, Lay’s, Kurkure Seized In FDA Raid On Expiry-Date Tampering Racket

Shawn Bernier

8th Pay Commission: How Delayed Implementation Impacts Arrears For Employees And Pensioners

Shawn Bernier