GST collections in May cross Rs 2 lakh crore mark for the second consecutive month; see 16.4% rise
[ad_1] GST collections had hit a record lifetime high of Rs 2.37 lakh crore in April. (AI image) The Goods and Services Tax (GST) collections crossed the Rs 2 lakh crore mark for the second consecutive month in May 2025. As per the data released by the Ministry of Finance, gross GST collections in May stood at Rs 2.01 lakh crore, which is a 16.4% rise compared to last year.The gross revenues from domestic transactions in May increased by 13.7% to approximately Rs 1.50 lakh crore, whilst GST revenue from imports saw a 25.2% rise to Rs 51,266 crore.The breakdown of May's collections shows gross Central GST at Rs 35,434 crore, State GST at Rs 43,902 crore, and Integrated GST at about Rs 1.09 lakh crore. Additionally, Cess collections amounted to Rs 12,879 crore.For comparison, the collection in May, 2024, […]