GST collections at Rs 1.03 lakh crore for May

The goods and service tax collections for May clocked Rs 1,02,709 crore, making it the eighth straight month of collections crossing the Rs 1 lakh crore mark. The collections have been 65% higher than the GST revenues in the same month, despite many states being under lockdown due to the Covid pandemic.

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The May GST collections were also a 27.6 per cent drop from a record sum of Rs 1.41 lakh crore in April, which was the highest monthly collection since the introduction of the nationwide tax.

List of GST Collection previous months: