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Gross GST collections rise 16.4% to over ₹2.01 lakh crore in May – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

Gross GST collections rise 16.4% to over ₹2.01 lakh crore in May

Gross GST collections rise 16.4% to over ₹2.01 lakh crore in May

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Gross Goods and Services Tax (GST) collections rose 16.4% to over ₹2.01 lakh crore in May, as per government data released on Sunday (June 1, 2025).

This comes after a record high GST collection in April, when the revenues touched an all-time high of ₹2.37 lakh crore.

In May, gross revenues from domestic transactions rose 13.7% to about ₹1.50 lakh crore, while GST revenue from imports grew 25.2% to ₹51,266 crore.

In May, the gross central GST revenues stood at ₹35,434 crore, State GST revenues at ₹43,902 crore and integrated GST at about ₹1.09 lakh crore. Revenues from Cess were at ₹12,879 crore.

In May, 2024, the mop-up was ₹1,72,739 crore.

Meanwhile, total refunds during the month fell 4% to ₹27,210 crore. Net GST mop-up stood at about ₹1.74 lakh crore, a 20.4% year-on-year growth.

Deloitte India Partner M S Mani said the wide variations in the growth of GST collections across states require a thorough analysis across the sectors that are important in each state.

While large states like Maharashtra, West Bengal, Karnataka and Tamil Nadu have reported collection increases of 17% to 25%, similar large states like Gujarat, Andhra Pradesh and Telangana have shown increases of up to 6%.

Some states like Madhya Pradesh, Haryana, Punjab and Rajasthan, have shown median increases of 10%.

“Hence, the average growth across the country does not appear to be uniformly reflected across States, possibly due to sectoral or seasonal factors which require a deeper data based analysis,” Mr. Mani said.

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