New Delhi, June 2: India’s economy witnessed strong performance in May 2025, with Goods and Services Tax (GST) collections rising significantly. According to data released by the Finance Ministry, GST revenue grew by 16.4% year-on-year to reach ₹2.01 lakh crore, up from ₹1.72 lakh crore collected in May 2024.
The gross GST collection for May stood at ₹4.37 lakh crore, marking a 14.3% increase from ₹3.83 lakh crore recorded during the same month last year. After adjusting for refunds, the net GST revenue for May 2025 reached ₹1.73 lakh crore, reflecting a substantial 20.4% growth over ₹1.44 lakh crore collected in May 2024.
This growth was largely driven by a 25.2% increase in GST revenue from imports and a 13.7% rise in domestic transactions. GST from imports contributed ₹51,266 crore, while collections from domestic sources totaled ₹1,49,785 crore.
The breakdown of GST revenue includes:
- CGST: ₹35,400 crore
- SGST: ₹43,900 crore
- IGST: ₹1.08 lakh crore
- GST Cess: ₹12,900 crore
Maharashtra continued to lead all states in GST revenue collection, followed by Karnataka, Gujarat, and Tamil Nadu. Among Union Territories and smaller states, Ladakh, Nagaland, Andaman & Nicobar Islands, Tripura, Sikkim, and Tamil Nadu registered growth rates between 20% and 39%, reflecting strong regional contributions to the national revenue.
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