GST Collections Rise 3.2% to Rs 1.94 Lakh Crore
India's GST Collections Post 3.2 Percent Growth in May 2026
India's gross Goods and Services Tax (GST) collections rose 3.2 percent year-on-year to Rs 1.94 lakh crore in May 2026, according to official data released on June 1. The total mop-up was, however, down from a record-high figure of Rs 2.43 lakh crore last month.
The collections for May reflect transactions during April, the second straight month facing the impact of the conflict in West Asia, which began during February-end. This development highlights the ongoing economic challenges faced by the country.
A comparison of GST collections over the past year shows a decline in growth rate. In April 2026, the gross collections were up 8.7 percent on year, while in May 2025, they were up by 16.4 percent on year. This indicates a sharp moderation in economic activity.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
| Month | GST Collections (Rs lakh crore) | Year-on-Year Growth Rate |
|---|---|---|
| May 2026 | 1.94 | 3.2% |
| April 2026 | Not provided | 8.7% |
| May 2025 | Not provided | 16.4% |
Investor Takeaway
Investors should be cautious of the sharp moderation in economic activity.
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