Business EconomyPosted at: Jun 1 2026 12:42PM


GST collections rise to Rs 1.94 lakh cr in May; import revenues boost growth

New Delhi, Jun 1 (UNI) India's Goods and Services Tax (GST) collections rose to Rs 1.94 lakh crore in May 2026, registering a 3.2 per cent increase over the same month last year, driven largely by strong growth in import-related revenues.
Gross GST revenue stood at Rs 1,94,184 crore during the month, compared with Rs 1,88,172 crore in May 2025. Collections from imports surged 19.1 per cent to Rs 59,654 crore, reflecting robust trade activity.
Net GST revenue, after refunds, increased 3.3 per cent to Rs 1,66,904 crore. Total refunds issued during the month stood at Rs 27,281 crore, up 2.6 per cent from a year ago.
The government said the growth figures were affected by a one-time payment of around Rs 10,000 crore made by a telecom operator in May 2025 towards spectrum allocation.
Excluding this exceptional receipt, gross GST collections in May 2026 recorded an adjusted growth of about 9 per cent, while adjusted net collections grew 10.1 per cent.
Domestic GST collections stood at Rs 1.35 lakh crore during the month. Although domestic revenues showed a decline on a headline basis due to the high base effect, the adjusted figures pointed to continued strength in consumption and business activity.
Among the states, Uttar Pradesh recorded a strong 13 per cent growth in GST collections during May, while Haryana and Telangana posted increases of 8 per cent and 6 per cent, respectively. Collections in several other major states remained stable.
For the first two months of the current financial year, gross GST collections reached Rs 4.37 lakh crore, registering a growth of 6.2 per cent over the corresponding period last year. Net GST revenue during April-May stood at Rs 3.78 lakh crore, up 5.5 per cent.
The latest numbers indicate that GST revenues continue on a steady growth path, supported by improved compliance, resilient economic activity, and strong import tax collections.
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