India’s Gross GST Collections Cross Rs. 2 Lakh Crore in May 2025, Highest in FY 2025–26
India’s Gross GST Collections Cross Rs. 2 Lakh Crore in May 2025, Highest in FY 2025–26
The Goods and Service Tax Network (GSTN) has notified that India’s Goods and Services Tax (GST) collections for May 2025 have surged to Rs. 2,01,050 crore, marking the highest gross monthly collection so far in the financial year 2025–26.
This reflects a robust 16.4% year-on-year (YoY) growth compared to ₹1,72,739 crore collected in May 2024, as per data released by the Ministry of Finance.
After adjusting for refunds, the net GST revenue for May 2025 stood at ₹1,73,841 crore—a significant 20.4% increase over ₹1,44,381 crore in the same month last year. Cumulatively, for the months of April and May 2025, net GST collections reached ₹3,83,221 crore, indicating a 14% growth over the corresponding period in 2024.
Of the total gross collections in May 2025, Central GST (CGST) amounted to ₹35,434 crore and State GST (SGST) to ₹43,902 crore. The Integrated GST (IGST) contributed ₹1,08,836 crore, which included ₹50,070 crore from the import of goods. Additionally, ₹12,879 crore was collected through GST compensation cess, of which ₹1,196 crore came from imports.
The impressive growth was largely driven by a strong performance in import-related GST collections. Gross revenue from imports increased by 25.2%, totalling ₹51,266 crore. Net revenue from customs (GST on imports after refunds) jumped by 72.9% to ₹42,370 crore, reflecting increased trade activity and effective enforcement.
On the refunds front, domestic refunds grew by 53.7% YoY, indicating higher input tax credits claimed and possibly stronger manufacturing activity. However, export refunds processed through ICEGATE saw a sharp decline of 45.9%, leading to an overall marginal drop in total GST refunds to ₹27,210 crore in May 2025 from ₹28,357 crore in May 2024.
State-wise trends reveal substantial variation in revenue performance. Manipur led with a remarkable 102% increase in collections, followed by Lakshadweep (445%), Chandigarh (53%), and Arunachal Pradesh (53%). Among major contributors, Maharashtra collected ₹31,530 crore, reflecting a 17% growth, and Karnataka reported ₹14,299 crore, up 20% YoY. However, a few states such as Uttarakhand (-13%), Mizoram (-26%), and Andhra Pradesh (-2%) experienced negative growth, potentially due to subdued local economic activity or tax base fluctuations.
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Mariya is the Senior Editor at JurisHour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.
