Gross Goods and Services Tax (GST) collections rose 3.2 per cent to over one lakh 94 thousand crore rupees last month on improved supplies of goods and services and continued expansion of collection from imports. The gross GST collection in May last year was one lakh 88 thousand crore rupees. Gross Central GST collection from domestic transactions last month stood at 37 thousand 397 crore rupees, State GST at 45 thousand 143 crore rupees and Integrated GST at 51 thousand 990 crore rupees.
Taxable supplies of goods grew 26.9 per cent during the reported period, reflecting domestic demand, while the same for the services sector grew 22.2 per cent, demonstrating structural resilience in domestic consumption. GST refunds grew 2.6 per cent to 27 thousand 281 crore rupees.
