The gross Items and Companies Tax (GST) assortment rose 16.4 per cent to Rs 201,050 crore, in accordance with official information launched on Sunday.
In Could 2024, the collections had been to the tune of Rs 172,739 crore.
Within the month of Could, collections of CGST, SGST, IGST, and cess all rose year-on-year.
Up to now in April-Could 2025-26, the GST collections had been at Rs 437,767 crore, up 14.3 per cent from Rs 383,006 crore in the identical interval final yr.
GST assortment in 2024-25 stood at Rs 22 lakh crore, up 9.4 per cent year-on-year.
Through the monetary yr 2023-24, the entire gross GST assortment was recorded at Rs 20.18 lakh crore, with an 11.7 per cent enhance.
The current GST collections replicate a optimistic trajectory for India’s financial system, underscoring strong home consumption and buoyant import exercise. The figures bode nicely for the nation’s fiscal well being and financial restoration efforts, signalling resilience amidst world uncertainties.
The Items and Companies Tax was launched within the nation with impact from July 1, 2017, and states had been assured compensation for lack of any income arising on account of the implementation of GST as per the provisions of the GST (Compensation to States) Act, 2017 for 5 years.
Hair oil, toothpaste, cleaning soap; detergents and washing powder; wheat; rice; curd, lassi, buttermilk; wristwatches; TV as much as 32 inches; fridges; washing machines, cellphones, are amongst key gadgets on which GST charges have been slashed considerably, or for some stored at zero, benefiting individuals of this nation.
The GST Council, a federal physique comprising the Union Finance Minister as its Chairman and Finance Ministers of all States as members, has performed its half within the discussion board.
The newest assembly of the GST Council was held on December 21 at Jaisalmer, Rajasthan.
