GST collections in May cross Rs 2 lakh crore mark for the second consecutive month; see 16.4% rise

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 knowledge launched by the Ministry of Finance, gross GST collections in May stood at Rs 2.01 lakh crore, which is a 16.4% rise in comparison with final yr.The gross revenues from home transactions in May elevated by 13.7% to roughly Rs 1.50 lakh crore, while GST income from imports noticed a 25.2% rise to Rs 51,266 crore.The breakdown of May’s collections exhibits 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 comparability, the assortment in May, 2024, stood at Rs 1,72,739 crore. During the month, combination refunds decreased by 4% to Rs 27,210 crore.The web GST assortment reached roughly Rs 1.74 lakh crore, exhibiting a 20.4% improve in comparison with the earlier yr.GST collections had hit a document lifetime excessive of Rs 2.37 lakh crore in April, reflecting a 12.6 per cent development in comparison with the earlier yr, as per the authorities knowledge. The determine in April exceeded the second-highest income of Rs 2.10 lakh crore documented in April 2024, following the introduction of the oblique taxation framework on July 1, 2017. The GST income gathered in March 2025 amounted to Rs 1.96 lakh crore.The authorities’s Budget estimates point out an anticipated improve of 11% in GST earnings, with anticipated collections reaching Rs 11.78 lakh crore, which incorporates each Central GST and compensation cess parts.Reacting to the numbers, Abhishek Jain, Indirect Tax Head& Partner, KPMG stated, “It’s encouraging to see GST collections once again cross the ₹2 lakh crore mark. While last month’s spike was expected with year-end reconciliations, the consistency this month along with a 16 plus percent year-on-year growth points to strong underlying momentum and a recovery that’s clearly taking hold.”Deloitte India Partner M S Mani famous that the substantial variations in GST assortment development throughout states necessitate an in depth sector-wise examination for every state.Whilst main states together with Maharashtra, West Bengal, Karnataka and Tamil Nadu recorded assortment will increase between 17% and 25%, different important states resembling Gujarat, Andhra Pradesh and Telangana confirmed development as much as 6%..States together with Madhya Pradesh, Haryana, Punjab and Rajasthan demonstrated reasonable will increase 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,” Mani stated.