May GST mop-up hits ₹1.94L cr, up 3.2% YoY; goods supply jumps 26.9%
Broad-based growth across goods (+26.9%) and services (+22.2%) taxable supplies points to resilient domestic consumption. IGST on imports rose 20% while refunds climbed 10.9% YTD, signalling sustained demand across consumer electronics, autos, hospitality and retail categories.
May gross GST collections rose 3.2% YoY to ₹1.94 lakh crore, with goods taxable supply up 26.9% and services up 22.2%. Broad-based growth across consumer electronics, autos, hospitality and retail-linked categories signals resilient domestic consumption underpinning Indian retail demand.