New Delhi, June 2 -- India's Goods and Services Tax collections crossed the Rs 2 lakh crore threshold for the second consecutive month, reaching Rs 2.01 lakh crore in May 2025, according to government data released on Sunday.
This achievement represents only the third instance in GST history where monthly collections have surpassed this significant benchmark.
The May collections, which reflect economic activity from April, registered a notable 16 percent year-on-year growth compared to the same period last year.
While April traditionally records the highest GST collections due to year-end financial activities, May's performance remained strong despite being approximately 15 percent lower than April's record-setting figures.
The robust...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.