EconomyWednesday, 10 June 2026·The Hindu - Economy
GST collections rose 3.2% in May 2026; key tax components and refund trends
India’s gross GST collections rose to over ₹1.94 lakh crore in May 2026, with strong growth in taxable supplies and imports.
Key highlights
Direct fact
In May 2026, India’s gross GST collections rose 3.2% to over ₹1.94 lakh crore, compared with ₹1.88 lakh crore in May 2025, according to government data released on June 1, 2026.
Key specifics
- Gross CGST from domestic transactions was ₹37,397 crore in May 2026.
- Gross SGST from domestic transactions stood at ₹45,143 crore in May 2026.
- Gross IGST from domestic transactions was ₹51,990 crore, while IGST from imports rose 19.1% to ₹59,654 crore.
- GST refunds increased 2.6% to ₹27,281 crore, and net GST revenue rose 3.3% to about ₹1.67 lakh crore.
- Taxable supplies of goods grew 26.9% and services grew 22.2% in May 2026.
Exam lens
Economy and taxation MCQ focus: GST collections, CGST/SGST/IGST, refunds, net revenue, import-linked IGST. TNPSC may ask which component rose to ₹59,654 crore or the year-on-year growth rate in May 2026.