Official data released on Sunday pegged the gross Goods and Services Tax (GST) collection in May, 2025, at ₹201,050 crore, marking a 16.4 per cent increase.
The data also revealed a comparative analysis of GST collection over the years, with May 2024’s collections recorded to the tune of ₹172,739 crore.
While the month of May showed rise in collections of CGST, SGST, IGST, and cess year-on-year, the total GST collection in 2024-25 stood at ₹22 lakh crore, up 9.4 per cent year-on-year.
In the financial year 2023-24, the total gross GST collection was recorded at ₹20.18 lakh crore, with an 11.7 per cent increase.
So far, in April-May 2025-26, the GST collections were at ₹437,767 crore, up 14.3 per cent from ₹383,006 crore in the same period last year.
The recent GST collections reflect a positive trajectory for India’s economy, underscoring robust domestic consumption and buoyant import activity. The figures bode well for the country’s fiscal health and economic recovery efforts, signalling resilience amidst global uncertainties.
The Goods and Services Tax was introduced in the country with effect from July 1, 2017, and states were assured compensation for loss of any revenue arising on account of the implementation of GST as per the provisions of the GST (Compensation to States) Act, 2017 for five years.
Hair oil, toothpaste, soap; detergents and washing powder; wheat; rice; curd, lassi, buttermilk; wristwatches; TV up to 32 inches; refrigerators; washing machines, mobile phones, are among key items on which GST rates have been slashed substantially, or for some kept at zero, benefiting people.
The GST Council, a federal body comprising the Union Finance Minister as its Chairman and Finance Ministers of all States as members, has played its part in the forum. The latest meeting of the GST Council was held on December 21 at Jaisalmer, Rajasthan.
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