The Indian GST collections were carried out solid in May, crossing the Rs 2 Lakh Crore for the second consecutive month. Gross revenues increased by 16.4% compared to Rs 2.01, in state data published on June 1. This follows from a record April when the GST revenue rose to Rs 2.37 high in history.
Internal operations revenues increased by 13.7% to 1.50 rupees in May, while import collections increased by 25.2% to 51 266 rupees. The gross Central GST was 35 434 rupees, the state GST – 43 902 rupees, and the integrated GST approximately 1.09 rupees. Cess collections were facilitated by Rs 12 879. A year ago, the MAP-MAP in May 2024 amounted to Rs 1.72.
GST’s net income after returning the money came at Rs 1.74, which noted a reliable 20.4% jump compared to the previous year. Refund in May decreased by 4% to 27 210 rupees.
Deloitte India Mani Mani said PTI that the state state remained uneven. While states such as Maharashtra, Western Bengal, Karnataka and Tamil Nadu posted a collection between 17%and 25%, others, such as Gujarat, Andhra -Pradesh and Telangan, saw more modest revenues up to 6%. Madzha -Pradesh, Hariana, Punjab and Rajastan reported the average growth of about 10%.
“Thus, the average growth across the country appears to be uniformly reflected in different states, possibly from the industry or seasonal factors that require deeper analysis based on data,” Mani said.
