EconomySaturday, 30 May 2026·The Hindu
GST collections rise 3.2% in May 2026; net revenue crosses ₹1.67 lakh crore
India’s gross GST collections rose to over ₹1.94 lakh crore in May 2026, with net GST revenue at about ₹1.67 lakh crore after refunds.
Key highlights
Direct fact
In May 2026, India’s gross GST collections rose 3.2% to over ₹1.94 lakh crore, while the government data released on June 1, 2026 showed net GST revenue at about ₹1.67 lakh crore after refunds.
Key specifics
- Gross GST collection in May 2026 was ₹1.94 lakh crore, compared with ₹1.88 lakh crore in May 2025.
- CGST from domestic transactions stood at ₹37,397 crore, SGST at ₹45,143 crore and IGST at ₹51,990 crore.
- IGST collection from imports rose 19.1% to ₹59,654 crore in May 2026.
- GST refunds increased 2.6% to ₹27,281 crore, affecting the net revenue figure.
- GST mop-up in April 2026 touched an all-time high of ₹2.43 lakh crore.
Exam lens
MCQ focus: GST revenue trends, CGST-SGST-IGST breakup, gross versus net collections, and import-linked IGST. TNPSC may ask which month recorded the all-time high GST mop-up and what the May 2026 figures were.