May GST collections up 3% to rRs.r1.94 lakh crore
New Delhi, June 2 -- The gross Goods and Services Tax (GST) revenue in May rose 3.2% year-on-year to Rs.1.94 lakh crore from Rs.1.88 lakh crore in the same month last year. The base period, however, included a one-time telecom-related payment of approximately Rs.10,000 crore.
Releasing the monthly data on Monday, the Union finance ministry said that excluding the exceptional payment received in May 2025, gross GST collections in May 2026 would have registered a growth of about 9%.
While overall GST collections increased, gross domestic GST revenue contracted 2.6% to Rs.1,34,530 crore in May 2026 from Rs.1,38,102 crore a year earlier. According to the ministry, the decline was largely due to the one-time telecom-related payment in the ba...
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