{"id":15349,"date":"2026-06-01T12:19:28","date_gmt":"2026-06-01T06:49:28","guid":{"rendered":"https:\/\/banitoday.com\/gross-gst-revenues-rise-3-2-to-over-rs-1-94-lakh-crore-in-may\/"},"modified":"2026-06-01T12:19:28","modified_gmt":"2026-06-01T06:49:28","slug":"gross-gst-revenues-rise-3-2-to-over-rs-1-94-lakh-crore-in-may","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/gross-gst-revenues-rise-3-2-to-over-rs-1-94-lakh-crore-in-may\/","title":{"rendered":"Gross GST revenues rise 3.2% to over Rs 1.94 lakh crore in May"},"content":{"rendered":"


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Gross Goods and Services Tax (GST) collections rose 3.2% year-on-year to over Rs 1.94 lakh crore in May, reported PTI.The collections moderated from a record Rs 2.42 lakh crore in April but remained higher than the Rs 1.88 lakh crore collected in May last year. Net GST revenue increased 3.3% to Rs 1.67 lakh crore during the month, compared with Rs 1.62 lakh crore a year ago.The growth in collections continued to be driven by imports. Gross GST revenue from imports increased 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 rose 19.7% to Rs 49,403 crore, whereas net domestic revenue fell 2.3% to Rs 1.18 lakh crore.Total refunds stood at Rs 27,281 crore in May, up 2.6% from the year-ago period. Cumulative refunds for the financial year so far rose 10.9% to Rs 59,063 crore, according to ET.For the first two months of FY27, gross GST collections rose 6.2% to Rs 4.37 lakh crore, while net GST revenue increased 5.5% to Rs 3.78 lakh crore. Gross domestic revenue during April-May grew 1.3% year-on-year to Rs 3.19 lakh crore, while gross import revenue surged 22.3% to Rs 1.17 lakh crore, underscoring the continued contribution of import-linked taxes to overall collections.State-wise data showed mixed trends. Karnataka recorded an 11% rise in pre-settlement SGST collections in May, while Andhra Pradesh and Kerala posted growth of 11% and 19%, respectively. Maharashtra registered an 8% increase, Uttar Pradesh grew 9%, and Gujarat’s collections rose 3%.Delhi remained an outlier, recording a sharp 36% decline in pre-settlement SGST collections. Tamil Nadu and Rajasthan also reported modest contractions.After IGST settlement, Haryana posted a strong 22% increase in SGST revenue. Karnataka’s collections rose 17% year-on-year, while Gujarat and Andhra Pradesh recorded growth of 16% each. Kerala grew 15% and Telangana 14%. Delhi, however, continued to lag, with post-settlement collections declining 26%.<\/div>\n


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Gross Goods and Services Tax (GST) collections rose 3.2% year-on-year to over Rs 1.94 lakh crore in May, reported PTI.The collections moderated from a record Rs 2.42 lakh crore in April but remained higher than the Rs 1.88 lakh crore collected in May last year. Net GST revenue increased 3.3% to Rs 1.67 lakh crore […]<\/p>\n","protected":false},"author":1,"featured_media":15350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15349","post","type-post","status-publish","format-standard","has-post-thumbnail"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t