May GST mop-up climbs 3.2% to Rs 1.94 lakh crore as consumption holds post-rate cut

India's May 2026 GST receipts rose 3.2% YoY to Rs 1.94 lakh crore, with goods supplies up 26.9%, services up 22.2% and import IGST up 19.1% to Rs 59,654 crore. FY27 YTD collections at Rs 4.37 lakh crore, up 6.2%, suggesting consumer demand absorbed the September 2025 rationalisation to 5%/18%/40% slabs.

— Filed Mon, 1 Jun, 2026, 18:07 IST · Source Financial Express · BrandWagon · Updated

India's May GST collections rose 3.2% YoY to Rs 1.94 lakh crore, driven by stronger goods/services supplies and import duties. Follows September 2025 GST rationalisation to 5%/18% slabs plus 40% luxury rate, easing burden on consumer categories.

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