GST collections in May cross Rs 2 lakh crore mark for the second consecutive month; see 16.4% rise
GST collections had hit a record lifetime high of Rs 2.37 lakh crore in April. (AI image)
The
Goods and Services Tax
(GST) collections crossed the Rs 2 lakh crore mark for the second consecutive month in May 2025. As per the data released by the Ministry of Finance, GST collections in May stood at Rs 2.01 lakh crore, which is a 16.4% rise compared to last year.
GST collections had hit a record lifetime high of Rs 2.37 lakh crore in April, reflecting a 12.6 per cent growth compared to the previous year, as per the government data. The figure in April exceeded the second-highest revenue of Rs 2.10 lakh crore documented in April 2024, following the introduction of the indirect taxation framework on July 1, 2017. The GST revenue gathered in March 2025 amounted to Rs 1.96 lakh crore.
The government's Budget estimates indicate an expected increase of 11% in GST earnings, with anticipated collections reaching Rs 11.78 lakh crore, which includes both Central GST and compensation cess elements.
Reacting to the numbers, Abhishek Jain, Indirect Tax Head& Partner, KPMG said, 'It's encouraging to see GST collections once again cross the ₹2 lakh crore mark. While last month's spike was expected with year-end reconciliations, the consistency this month along with a 16 plus percent year-on-year growth points to strong underlying momentum and a recovery that's clearly taking hold.'
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