GST Collection Gains Momentum in May: Crosses ₹1.94 Lakh Crore with a 3.2% Growth

Brief By Newsbrief / 1:53 PM on 01 Jun 2026

India's economic front brings positive news as the Goods and Services Tax (GST) collection for the month of May grew by 3.2%, surpassing ₹1.94 lakh crore. According to official government data released on Monday, this impressive uptick is primarily driven by improvements in the supply of goods and services, alongside a consistent rise in tax collections from imports.

Comparing the figures, the gross GST collection in the corresponding month last year, May 2025, stood at ₹1.88 lakh crore. This time, Central GST (CGST) collection from domestic transactions reached ₹37,397 crore, State GST (SGST) stood at ₹45,143 crore, and Integrated GST (IGST) accounted for ₹51,990 crore. During this period, the supply of taxable goods increased by 26.9%, while the services sector witnessed a 22.2% growth, reflecting robust domestic demand and strong consumer consumption.

Experts suggest that the GST performance for May 2026 highlights both challenges and opportunities. Although year-on-year gross domestic GST collection dipped slightly by 2.6% and net domestic GST revenue saw a 2.3% decline, these minor drops were comfortably offset by a stellar surge in import tax collections. Notably, IGST on imports recorded a powerful 19.1% growth in May, contributing to an overall increase of nearly 30% in the current fiscal year.