Gross Goods and Services Tax (GST) collection increased by 16.4 percent to more than Rs 2.01 lakh crore in May this year. This information was given in the government data released on Sunday. Earlier in April, the GST collection reached its all -time high of Rs 2.37 lakh crore. The GST collection was Rs 1,72,739 crore in May 2024. The total GST revenue increased by 13.7 percent to about Rs 1.50 lakh crore due to domestic transactions in May 2025. GST collection increased by 25.2 percent to Rs 51,266 crore from imports.
In May, the total central GST revenue was Rs 35,434 crore, the state GST revenue was Rs 43,902 crore and the integrated GST collection was around Rs 1.09 lakh crore. Revenue from surcharge was Rs 12,879 crore. The total refund declined by 4 percent to Rs 27,210 crore during May. The NET GST collection during the month was about Rs 1.74 lakh crore with an annual increase of 20.4 percent.
Collection in Maharashtra, West Bengal increased by 17-25 percent
Large states like Maharashtra, West Bengal, Karnataka and Tamil Nadu have registered an increase of 17 percent to 25 percent in GST collection. At the same time, big states like Gujarat, Andhra Pradesh and Telangana have seen an increase of up to 6 percent. In some states like Madhya Pradesh, Haryana, Punjab and Rajasthan, GST collection has increased by an average of 10 percent.
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According to the news agency PTI, Deloite India partner MS Mani says that there is a large number of differences in the increase in GST collection among the states. In such a situation, there is a need to do intensive analysis of such areas in every state, which are important for him.
Increase in GST revenue inspired by import instead of domestic consumption
According to Vivek Jalan, partner at Tax Connect Advisory Services LLP, ‘With an increase of about 10% in domestic GST revenue and 73% increase in import GST revenue, it is very clear that GST revenue is inspired by imports rather than domestic consumption in May. The figures so far in the year 2025 also reflect similar trends. This is associated with the fact that export refunds are not growing at this speed, indicating that import growth is much higher than export growth. This can also be the result of Trump 2.0 as the countries are selling less in the US and dump their belongings in India. It may be that India also had to retaliate with anti-dumping duty on various products in the near future.
