GST revenue grows 3.2% in May 2026 to ₹1.94 lakh crore
India's gross Goods and Services Tax (GST) collections rose 3.2% year-on-year to ₹1,94,184 crore in May 2026, compared with ₹1,88,172 crore in May 2025, according to finance ministry data released on June 1, 2026. The growth was driven largely by a roughly 19% surge in import-linked revenues, while domestic collections moderated due to a high base from a one-time telecom spectrum payment last year.
Key Facts & Details
7 points- 1Gross GST collection in May 2026: about ₹1.94 lakh crore (₹1,94,184 crore).
- 2Year-on-year growth of 3.2% over ₹1.88 lakh crore in May 2025.
- 3Import-linked GST revenues surged about 19%.
- 4Domestic collections moderated due to a high base effect.
- 5Data released by the finance ministry on June 1, 2026.
Deep Dive
- +GST is a destination-based indirect tax introduced on July 1, 2017.
- +Monthly GST mop-up is a closely watched indicator of consumption and economic activity.
Exam Focus
What was India's gross GST collection in May 2026 and its year-on-year growth rate?
Related Topics
Exam Relevance & Angle
Monthly GST collection figures are precise, frequently asked economy/taxation items in banking, SSC and UPSC exams.
Target Exams
Background & Context
GST subsumed multiple indirect taxes from July 2017 and is administered by the GST Council. Monthly collection data is released by the finance ministry at the start of each month.
Related GK Concepts
Must KnowTest Yourself
1 / 2India's gross GST collection in May 2026 was approximately:
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