India’s gross GST collections for May 2025 rose to ₹2.01 lakh crore, a 16.4% increase from ₹1.72 lakh crore in May 2024, the Ministry of Finance reported on Sunday.
This is the second consecutive month with GST revenues above ₹2 lakh crore, pointing to robust economic activity and healthy consumption.
In April 2025, GST revenue reached a record ₹2.37 lakh crore, a 13% rise from March, mainly due to year-end filings. The May figures, however, show continued growth beyond seasonal trends.
Net GST Revenue Sees Over 20% Growth
Net GST revenue, after refunds, grew by more than 20% to ₹1.73 lakh crore. Domestic collections increased by 13%, while GST revenue from imports surged by 25.7%.
Officials attributed this consistent growth to strong consumption patterns and better compliance.
April’s GST surge of ₹2.37 lakh crore was a 12.6% increase over April 2024, when collections stood at ₹2.10 lakh crore. This was driven by high business activity and tax adherence, a senior official noted.
Economic Growth Remains Stable
India’s economy continues its stable upward trend. On May 30, data confirmed the country met its 6.5% growth target for FY2024.
From January to March 2025, GDP rose by 7.4%, showing a strong rebound. Consumption—a vital growth pillar—also improved.
Consumer durable goods grew 6.4% in April, slightly below March’s 6.9% rise. However, this steady demand supports continued tax revenue growth.
GST collections are emerging as a key indicator of India’s economic strength and fiscal health.
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