Collection Amount: ₹1.73 lakh crore (lower than April'24 but higher than May'23)
Significance: Experts believe this is the "new normal" average for FY25 (up from ₹1.6 lakh crore in FY24)
Year-on-Year Growth: 11.3% (driven by domestic transactions +14.2%, imports +1.4%)
Net GST Revenue (till May): ₹3.36 lakh crore (growth of 11.6%)
Expert Opinions:
M.S. Mani (Deloitte): GST numbers reflect a robust economy.
Saurabh Agarwal (EY): Growth in developing regions (J&K, Manipur, Puducherry, Arunachal Pradesh) indicates broader economic progress.
Rise in northern states (Delhi, UP) might be due to election spending and heatwave purchases (fans, coolers, ACs).
Decline from April'24 could be due to year-end tax payments and stagnant auto sales.
Vivek Jalan (Tax Connect): Increased collections due to stricter recovery actions by some GST departments.
COMMENTS