New Delhi – India’s gross Goods and Services Tax (GST) collections for May 2025 rose to ₹2.01 lakh crore, registering a 16.4% increase compared to ₹1.72 lakh crore collected in May 2024, the Ministry of Finance reported on Sunday.
This is the second consecutive month that GST revenues have crossed the ₹2 lakh crore mark, reflecting robust economic activity and sustained consumption growth.
In April 2025, GST collections had hit a record high of ₹2.37 lakh crore — a 13% jump from the previous month — driven largely by year-end financial filings and reconciliations. The continued strength in May indicates that the momentum is not just seasonal but part of a broader trend.
Net GST revenue — which accounts for refunds — also showed significant growth, rising over 20% to ₹1.73 lakh crore.
The data revealed that domestic GST collections grew by 13%, while revenue from imports surged by 25.7%, underlining strong trade activity.
India’s broader economic outlook also appears stable. According to data released on May 30, the country achieved its projected 6.5% GDP growth for the financial year 2024.
The economy expanded by 7.4% in the January–March quarter, marking a strong rebound from previous slowdowns.
Consumption — a key growth driver — also picked up pace. After growing by 5.6% in the previous financial year, it continued to strengthen. In April, the consumer durables segment, including appliances and electronics, grew by 6.4%, slightly below the 6.9% growth seen in March.
The record-breaking GST collection in April 2025 — ₹2.37 lakh crore, a 12.6% rise from ₹2.10 lakh crore in April 2024 — had been attributed to heightened economic activity and better tax compliance, a senior finance official noted.
With inputs from IANS