GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase

In April, GST collections had touched a record high of Rs 1.68 trillion, surpassing the Rs 1.5-trillion mark for the first time

The collection of goods and services tax (GST) fell short of the expected Rs 1.5-trillion level in May, a month after hitting a record. The mop-up of Rs 1.41 trillion in May is 16 per cent (Rs 26,655 crore) lower than the record collection of Rs 1.68 trillion in April.  

However, the latest figure is 44 per cent higher than Rs 97,821 crore a year ago. Also, the mop-up in May is still the fourth-highest since the inception of GST in July 2017.

The finance ministry released the provisional data on GST for May on Wednesday.

The sequential dip in the GST inflows