The government has collected Rs 2.01 lakh crore from Goods and Services Tax (GST) in May 2025. There has been an increase of 16.4% on an annual basis. According to the data released on Sunday, June 1, a year ago i.e. in May 2024, the government had collected Rs 1.73 lakh crore GST. In the previous month, in April 2025, the government had collected Rs 2.37 lakh crore from Goods and Services Tax (GST). There was an increase of 12.6% on an annual basis. This was a record GST collection. Last month, the government collected ? 1.90 lakh crore from domestic transactions. In April, the government collected tax of 1.90 lakh crore from domestic transactions. There has been a growth of 10.7% on an annual basis. At the same time, the government has collected 46,913 crore GST through imports. There has been an increase of 20.8% in a year. GST collection shows the health of the economy GST collection is an important indicator of economic health. Higher collections indicate strong consumer spending, industrial activity and effective tax compliance. In the month of April, businesses often clear year-end transactions from March, leading to an increase in tax filings and collections. KPMG National Head Abhishek Jain said that the highest GST collection ever reflects a strong domestic economy. GST was implemented in 2017 The government implemented GST across the country on 1 July 2017. After this, 17 taxes and 13 cess of the central and state governments were removed. On the completion of 7 years of GST, the Finance Ministry posted about the achievements made during the last seven years. GST is an indirect tax. It was implemented in 2017 to replace many types of indirect taxes like VAT, service tax, purchase tax, excise duty. GST has four slabs of 5, 12, 18 and 28%. GST is divided into four parts: —————————————————-
