Gross GST Collections Ease To Rs 1.94L Cr in May 2026
As per the government sources, the growth was broad-based across all major goods and services categories, with taxable supplies in the goods sector rising 26.9 per cent and services sector growing 22.2 per cent
New Delhi: India’s gross goods and services tax (GST) collections eased to Rs 1.94 lakh crore in May 2026 from a record Rs 2.42 lakh crore in April, though the mop-up remained 3.2 per cent higher than the Rs 1.88 lakh crore collected in the same month last year, an official data showed on Monday.
As per the government sources, the growth was broad-based across all major goods and services categories, with taxable supplies in the goods sector rising 26.9 per cent and services sector growing 22.2 per cent. “This cumulative year-on-year performance is healthy and in the right direction to achieve the full-year GST revenue target,” the sources added.
In a statement, the finance ministry said that the gross central GST (CGST) collection from domestic transactions during the reported month stood at Rs 37,397 crore, state GST (SGST) at Rs 45,143 crore and integrated GST (IGST) at Rs 51,990 crore. “The IGST collection from imports rose 19.1 per cent during May to Rs 59,654 crore, signalling expansion in industrial capacity,” the ministry said.
As per the data, the GST refunds, however, grew 2.6 per cent to Rs 27,281 crore in the May month. “After adjusting refunds, net GST revenues in May rose 3.3 per cent to about Rs 1.67 lakh crore, while the GST mop-up in April reached an all-time high of Rs 2.43 lakh crore,” the ministry's data showed.
On a cumulative basis for the first two months of FY 2026-27 (April and May), the data also showed that the gross GST collections stand at Rs 4.37 lakh crore compared to Rs 4.11 lakh crore in the corresponding period of FY2025-26, a growth of 6.2 per cent. The government has budgeted to mop up Rs 10.19 lakh crore from GST in the current fiscal.
Commenting on the numbers, Price Waterhouse & Co LLP partner Pratik Jain said that collectively for April and May 26, collections show a robust 8.8 per cent year-on-year growth on a like-for-like basis. “This is despite the steep rate cuts from September 2025 and geopolitical disruptions during the last couple of months, he said, adding that imports and domestic consumption of products and services have expanded significantly, which shows economic resilience,” Jain said.
Given the increase in input costs due to supply chain issues, Jain also added that this might be the right time for the government to consider providing working capital support to industry by relaxing refund provisions with respect to input GST, which has been accumulating for many businesses.
“While import GST has recorded a near 20 per cent growth, this may also be attributed to rupee depreciation. Adjusted for the one-time telecom payment in the base, domestic collections reflect moderate growth in line with prevailing economic conditions,” KPMG Indirect Tax Head & Partner Abhishek Jain said.