Key Highlights
- Gross GST collections rose 3.2% YoY to ₹1.94 lakh crore in May 2026.
- Net GST revenue increased 3.3% to ₹1.67 lakh crore.
- Import GST collections surged 19.1% to ₹59,654 crore.
- Domestic GST revenue declined 2.6% to ₹1.35 lakh crore.
- Refunds increased 2.6% to ₹27,281 crore.
- April-May FY27 gross GST collections grew 6.2% to ₹4.37 lakh crore.
- Karnataka, Kerala, Andhra Pradesh and Haryana reported strong growth.
- Delhi remained the weakest performer with a sharp decline in GST collections.
- Import-linked taxes continued to be the biggest driver of GST growth.
- Strong GST revenues indicate continued economic activity despite mixed domestic demand.
Imports Continue to Drive Growth
The latest GST data showed that growth in collections was largely supported by imports. Gross GST revenue from imports surged 19.1% year-on-year to ₹59,654 crore, while gross domestic revenue declined 2.6% to ₹1.35 lakh crore.
On a net basis, customs GST collections increased 19.7% to ₹49,403 crore, whereas net domestic revenue slipped 2.3% to ₹1.18 lakh crore, highlighting the growing contribution of import-linked taxes to overall GST revenues.
State-wise Collection Trends
Among major states, Karnataka reported an 11% increase in pre-settlement SGST collections, while Kerala and Andhra Pradesh recorded growth of 19% and 11%, respectively. Maharashtra posted an 8% rise, while Uttar Pradesh saw collections grow 9%.
In contrast, Delhi remained an outlier, registering a sharp 36% decline in pre-settlement SGST collections. Tamil Nadu and Rajasthan also reported modest contractions.
After IGST settlement, Haryana emerged as one of the strongest performers with a 22% increase in SGST revenue. Karnataka recorded 17% growth, while Gujarat and Andhra Pradesh each posted 16% growth. Kerala and Telangana reported gains of 15% and 14%, respectively. Delhi, however, continued to lag, with post-settlement collections declining 26%.
FY27 Begins on a Positive Note
For the first two months of FY27, gross GST collections reached ₹4.37 lakh crore, reflecting a 6.2% increase over the corresponding period last year. Net GST revenue rose 5.5% to ₹3.78 lakh crore.
The data indicates that while domestic consumption remains mixed across regions, strong import activity and improving tax compliance continue to support India’s GST revenue growth trajectory.
