India's gross GST collections ease to Rs 1.94 lakh crore in May from April record as growth slows to 3.2% - The Economic Times

India's gross Goods and Services Tax (GST) collections moderated to Rs 1.94 lakh crore in May 2026 from a record Rs 2.42 lakh crore in April, though revenues remained 3.2% higher than the Rs 1.88 lakh crore collected in the same month last year, according to official data released on Sunday. Net GST revenue for May rose 3.3% year-on-year to Rs 1.67 lakh crore, compared with Rs 1.62 lakh crore in M…