As per PTI news report, In May 2026, India recorded a gross GST revenue of ₹1.94 lakh crore, showing a 3.2% increase compared to the same period last year.
This growth reflects the economic activities from April and comes in the wake of April's positive growth trend.
The total GST collections for May 2026 primarily reflected the financial transactions from April. A government official mentioned that the lack of a one-time payment, which boosted May 2025 figures, contributed to the moderate growth seen this year.
While the year-on-year increase was 3.2%, the net GST revenue after refunds rose by 3.3%, reaching ₹1,66,904 crore.
In a broader context, the GST collections for the first 2 months of FY27 exhibited a year-on-year growth of 6.2%, amassing ₹4.37 lakh crore.
This figure is a decrease from April's record high of ₹2.43 lakh crore and reflects a comparative moderation in economic momentum.
The 3.2% growth for May 2026 appears modest when juxtaposed against May 2025, where an enormous one-time payment from a telecom operator boosted the previous year’s figures.
This base effect has consequently compressed the perceived growth rate for the current fiscal period. Nonetheless, collections from imports surged by 19.1% to ₹59,654 crore, though domestic transaction collections dipped by 2.6% to ₹1.35 lakh crore.
Read More: Urban Company Gets Relief as GST Department Withdraws ₹8.70 Crore Demand!
A breakout of the collection data highlights the variance in revenue streams. Despite the dip in domestic GST collections, which totalled ₹1.35 lakh crore, the revenue from imports demonstrated robust growth.
This indicates a complex economic landscape, where external trade played a significant role in bolstering tax revenues.
The GST revenue collection for May 2026 underscores the delicate balance in India’s economy, influenced by seasonal and extraordinary factors such as one-time payments. While the overall growth figures underscore a tempered economic activity, the rise in import-based collections provides a counterbalance to domestic challenges.
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Published on: Jun 1, 2026, 1:07 PM IST
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