GST collection of ₹1.94 lakh crore in May:20% less than record collection of ₹2.42 lakh crore in April

In May 2026, GST collection was ₹1.94 lakh crore. This is 20% less compared to the record ₹2.42 lakh crore in April. However, it is 3.2% more than the same period last year, i.e., May 2025. In May 2025, GST collection was ₹1.88 lakh crore. The government released GST collection figures today, i.e., on June 1. GST Collection in Financial Year 2025-26 Revenue from imports increased The growth in GST collection in the month of May was mainly dependent on imports. The gross GST revenue from imported goods increased by 19.1% on an annual basis to reach ₹59,654 crore. On the other hand, the gross domestic earnings from domestic transactions declined by 2.6% and stood at ₹1.35 lakh crore. 6.2% growth in the first two months of this financial year Combining the first two months (April and May) of the financial year 2026-27, the total gross GST collection increased by 6.2% to ₹4.37 lakh crore. Similarly, the net GST revenue in the first two months also reached ₹3.78 lakh crore with a growth of 5.5%. GST collection increased in Haryana and Kerala In terms of GST collection, a mixed trend has been observed across different states. Talking about large states, before settlement (pre-settlement SGST), Karnataka recorded 11%, Andhra Pradesh 11%, Uttar Pradesh 9%, and Maharashtra 8% growth. In Kerala, this growth was 19%, while in Gujarat, collection increased by 3%. GST Collection Shows the Health of the Economy GST collection indicates how healthy the country’s economy is. If the collection is high, it means that people are shopping extensively, production in factories is increasing, and people are paying taxes honestly. GST was implemented in 2017 The government implemented GST across the country on July 1, 2017. After this, 17 taxes and 13 cesses of the central and state governments were removed. GST is divided into four parts: