GST Collection May 2026: It rains notes on the government again! Huge tax of ₹1.94 lakh crore came in May

Amidst the pace of trade and business in the country, the government’s pockets have once again been filled with huge sums of money. In the month of May, the total GST collection has increased by 3.2 percent to more than Rs 1.94 lakh crore due to better supply of goods and services and good earnings from imports. If we talk about the same month of last year i.e. May 2025, then the total GST collection was recorded at Rs 1.88 lakh crore.

However, compared to the all-time high record of the previous month i.e. April, the pace of May has been a bit slow. In the month of April, GST collection had touched the historic figure of Rs 2.42 lakh crore, which was much higher than that of May. Let us understand in simple language what is the whole story behind these figures for May.

Where did how much money come from in the month of May?

According to government data, a total of Rs 37,397 crore as Central GST (CGST) and Rs 45,143 crore as State GST (SGST) have been collected from domestic transactions during May. At the same time, the figure of Integrated GST (IGST) was Rs 51,990 crore. During this period, there was a huge jump of 26.9 percent in the taxable supply of goods in the markets, which clearly shows the strong domestic demand in the country.

On the other hand, the service sector has also registered a growth of 22.2 percent, which is a big proof of the strength of our domestic consumption. Apart from this, IGST collection on imported goods jumped by 19.1 percent to Rs 59,654 crore, which shows that the industrial capacity of the country is continuously increasing. GST refund this month also increased by 2.6 percent to Rs 27,281 crore. If this refund is removed, the government’s net GST revenue comes to around Rs 1.67 lakh crore, an increase of 3.3 percent.

Made a big record in the first two months itself

If we talk about the first two months (April and May) of the new financial year 2027, the government has been successful. In these two months, the total GST collection has crossed Rs 4.37 lakh crore with a growth of 6.2 percent. At the same time, during this period, net GST revenue also increased by 5.5 percent to Rs 3.78 lakh crore.

Total domestic revenue between April-May increased by 1.3 per cent year-on-year and stood at Rs 3.19 lakh crore. At the same time, the biggest surprise was the earnings from imports, which reached Rs 1.17 lakh crore with a huge jump of 22.3 percent. It is clear from this that the share of imports in the total tax collection is continuously strengthening.

Condition of states: Somewhere bumper earning, Delhi got a big shock

If we talk at the state level, the earnings figures were quite interesting. Among the big states of the country, Karnataka achieved a good increase of 11 percent in its SGST collection even before the May settlement. Whereas Maharashtra has registered an increase of 8 percent, Andhra Pradesh has registered an increase of 11 percent and Uttar Pradesh has registered an increase of 9 percent. The biggest jump was seen in Kerala, which saw a massive growth of 19 per cent, while Gujarat’s collection increased by 3 per cent. On the contrary, the country’s capital Delhi suffered a big blow, where a huge decline of 36 percent was seen in the pre-settlement SGST collection. There was also a slight decline in Tamil Nadu and Rajasthan.

However, when the final IGST settlement took place, the figures changed slightly. After the settlement, Karnataka’s SGST revenue in May increased by 17 percent compared to last year. Whereas in both Gujarat and Andhra Pradesh, there was an increase of 16-16 percent, in Kerala there was an increase of 15 percent and in Telangana there was an increase of 14 percent. Haryana also made a strong lead of 22 percent. But Delhi proved to be an exception here too and after settlement its total collection decreased by 26 percent. Overall, even though there may have been a slight slowdown in the taxes received from domestic consumption, the taxes imposed on goods coming from abroad did not stop the government’s growth vehicle.