New Delhi, 1 June (IANS). The country’s gross Goods and Services Tax (GST) collection stood at Rs 2.01 lakh crore in May 2025, which shows a 16.4 percent gain of Rs 1.72 lakh crore in May 2024. This information was given in the data released by the Finance Ministry on Sunday.
This is the second consecutive month when GST revenue has crossed the figure of Rs 2 lakh crore, indicating that economic activities in the country remain strong and there is a stable increase in consumption.
In April 2025, the GST collection reached an all -time high of Rs 2.37 lakh crore, which was 13 percent increase compared to March. During that time there were reasons for the expiration and adjustment of the financial year, but the strong figures in May show that this growth is not seasonal, but is pointing to economic strength.
Pure GST revenue (post -refund amount) has also increased by more than 20 percent to Rs 1.73 lakh crore.
GST collection gained 13 percent from within the country, while revenue -based revenue recorded a rapid increase of 25.7 percent.
According to the Finance Ministry, India’s overall economy is also moving at a stable pace. According to the data released on May 30, the country has achieved the target of growth rate of 6.5 percent set for FY 2024-25.
In the January to March quarter, the economy expanded at a rate of 7.4 percent, reflecting a strong return from the earlier recession.
Improvement in consumption has also been observed, which is a major basis for the growth of the country. It has renovated again after an increase of 5.6 percent in FY 2023-24.
The sales of consumer durables (such as home appliances and electronics) increased by 6.4 percent in April, although it is slightly lower than the 6.9 percent increase in March.
April-May statistics confirmed that economic activities are continuously improving and there is a strengthening of tax collection. Better compliance and expansion in business activities are considered to be the main reason for this.
-IANS
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