Key facts
- India's GST collections in May were Rs 1.94 lakh crore.
- This represents a 3.2% increase compared to the previous year.
- Integrated GST amounted to Rs 1.11 lakh crore.
- Central GST collections were Rs 37,397 crore.
- State GST collections reached Rs 45,143 crore.
Goods and Services Tax (GST) collections are a key indicator of economic activity and tax compliance within India. An increase in GST revenue suggests robust consumption and business activity, reflecting the overall health of the Indian economy. These collections are crucial for government revenue and funding public services.