GST collections jump 16.4% yoy to Rs 2.01 lk cr in May, fall from record high in April

India’s gross Goods and Services Tax (GST) collection for May 2025 stood at Rs 2.01 lakh crore, registering a 16.4 per cent increase over the Rs 1.72 lakh crore collected in May 2024, data released by the Ministry of Finance showed Sunday. In April 2025, India's GST collections had surged by 12.6 per cent to an all-time high of Rs 2.37 lakh crore. The year-on-year growth was driven by a 25.2 per c…