India’s GST Collection Surges 16.4% in May 2025: State-Wise Breakdown, Revenue Insights & Trends

India’s GST collections for May 2025 reached ₹2.01 lakh crore, marking a 16.4% year-on-year growth driven by strong domestic consumption and a 25% surge in import-related IGST. Net GST revenue after refunds rose by 20.4% to ₹1.74 lakh crore, with domestic net revenue up 9.7% and import net revenue soaring 72.9%.

While states like Delhi, Tamil Nadu, and Assam recorded robust growth, others such as Uttarakhand and Andhra Pradesh saw declines. Despite a slight dip in post-settlement SGST to states, overall trends indicate a resilient and expanding tax base in the Indian economy.

India’s GST: May 2025 Collections Hit ₹2.01 Lakh Crore

Hello! In this article, I’ll walk you through the detailed performance of India’s Goods and Services Tax (GST) for May 2025. We’ll explore how collections have evolved compared to May 2024, break down domestic versus import revenues, examine refund patterns, and analyze state‐wise growth trends. By the end, you’ll have a holistic understanding of where GST stands in the current fiscal year.

Overview of GST Collections in May 2025

To begin, let’s look at the aggregate figures for May 2025. The total gross GST revenue for the month rose to ₹2,01,050 crore, marking a 16.4% increase over the ₹1,72,739 crore collected in May 2024.

On a year‐to‐date basis (April–May), gross receipts climbed from ₹3,83,006 crore in 2024 to ₹4,37,767 crore in 2025, registering a 14.3% growth. These headline numbers set the stage for a closer look at how various components contributed to this uptick.

Gross GST Revenue: Components and Growth

Domestic GST Components

Within the domestic segment, three primary components drive the collections:

1. Central GST (CGST):
   • May 2024: ₹32,409 crore
   • May 2025: ₹35,434 crore
   • Growth: 9.3%
2. State GST (SGST):
   • May 2024: ₹40,265 crore
   • May 2025: ₹43,902 crore
   • Growth: 9.0%
3. Integrated GST (IGST) on domestic transactions:
   • May 2024: ₹47,902 crore
   • May 2025: ₹58,767 crore
   • Growth: 22.7%

Additionally, the Cess component increased modestly from ₹11,207 crore to ₹11,683 crore, a 4.2% rise . When combined, these figures yield a gross domestic revenue of ₹1,49,785 crore in May 2025, up 13.7% from ₹1,31,783 crore a year earlier .

GST on Imports

Moving to the import side, IGST collections on imports saw a robust jump:

• May 2024: ₹39,879 crore
• May 2025: ₹50,070 crore
• Growth: 25.6%

The associated Cess on imports inched up from ₹1,076 crore to ₹1,196 crore, a 11.1% rise . Altogether, gross import revenue surged from ₹40,956 crore to ₹51,266 crore, marking a 25.2% increase .

When we aggregate domestic and import segments, the total gross GST revenue reached ₹2,01,050 crore in May 2025, up 16.4% from ₹1,72,739 crore in May 2024 .

Refunds: Domestic and Export Dynamics

Refunds can significantly influence the net GST position. For May 2025, let’s separate domestic refunds from export (ICEGATE) refunds:

Domestic Refunds

1. CGST refunds:
   • May 2024: ₹3,176 crore
   • May 2025: ₹4,243 crore
   • Growth: 33.6%
2. SGST refunds:
   • May 2024: ₹4,069 crore
   • May 2025: ₹5,391 crore
   • Growth: 32.5%
3. IGST refunds (domestic):
   • May 2024: ₹4,358 crore
   • May 2025: ₹8,366 crore
   • Growth: 91.9%
4. Cess refunds:
   • May 2024: ₹309 crore
   • May 2025: ₹315 crore
   • Growth: 1.9%

Collectively, domestic refunds amounted to ₹18,314 crore, a 53.7% increase from ₹11,912 crore in May 2024.

Export (ICEGATE) Refunds

On the export front (processed through ICEGATE):

• IGST export refunds:
  • May 2024: ₹16,215 crore
  • May 2025: ₹8,794 crore
  • Change: –45.8%
• Cess export refunds:
  • May 2024: ₹230 crore
  • May 2025: ₹103 crore
  • Change: –55.2%

Overall, export refunds decreased from ₹16,446 crore to ₹8,896 crore, a 45.9% decline year‐on‐year.

Total Refunds and Impact

When combining domestic and export refunds, the total refunds stood at ₹27,210 crore in May 2025, marginally down 4.0% compared to ₹28,357 crore in May 2024 . This moderation in total refund outgo softens the drag on net collections.

Net GST Revenue: Monthly and Yearly Trends

After accounting for refunds, the net collections reveal the government’s actual GST accrual.

Net Domestic Revenue

Subtracting domestic refunds from gross domestic revenue gives:

• CGST net (May 2025): ₹31,191 crore (up from ₹29,233 crore) – 6.7% growth
• SGST net (May 2025): ₹38,511 crore (up from ₹36,197 crore) – 6.4% growth
• IGST net (May 2025): ₹50,401 crore (up from ₹43,543 crore) – 15.8% growth
• Cess net (May 2025): ₹11,368 crore (up from ₹10,898 crore) – 4.3% growth

The total net domestic revenue rose from ₹1,19,872 crore to ₹1,31,471 crore, marking a 9.7% increase .

Net Customs (Import) Revenue

For customs (GST on imports), subtracting export refunds yields:

• IGST net (May 2025): ₹41,276 crore (up from ₹23,664 crore) – 74.4% growth
• Cess net (May 2025): ₹1,093 crore (up from ₹846 crore) – 29.1% growth

Consequently, net customs revenue soared from ₹24,510 crore to ₹42,370 crore, a 72.9% jump .

Aggregate Net Revenue

Bringing domestic and import nets together:

• Total Net GST Revenue (May 2025): ₹1,73,841 crore
• Total Net GST Revenue (May 2024): ₹1,44,381 crore
• Growth: 20.4%

On a cumulative (April–May) basis, net GST receipts increased from ₹3,36,215 crore in 2024 to ₹3,83,221 crore in 2025, up 14.0% . This robust year‐on‐year growth underscores strengthening consumption and imports.

You may prefer to download Gross and Net GST revenue collections for the month of May, 2025 in PDF format.

State‐wise Growth of GST Revenues in May 2025

Understanding state‐level performance helps gauge regional economic momentum. Below, I’ve highlighted key trends from Table 1 (state/UT collections):

(Selective highlights shown; full state‐wise details available in Table 1.)

Notable Performers

Delhi: Leading with a 38% growth (₹7,512 crore → ₹10,366 crore), reflecting strong recovery in the capital region.

Assam: A robust 30% rise to ₹1,592 crore, signaling increased economic activity in the Northeast.

Tamil Nadu: ₹9,768 crore → ₹12,230 crore, 25% growth, driven by both manufacturing and services.

Kerala: ₹2,594 crore → ₹3,210 crore, 24% growth, suggesting uplift in domestic consumption and tourism‐related services.

Karnataka: ₹11,889 crore → ₹14,299 crore, 20% growth, buoyed by IT exports and industrial output.

Bihar: ₹1,521 crore → ₹1,871 crore, 23% growth, an encouraging sign for its developing economy.

Areas of Contraction or Moderation

Uttarakhand: Declined by 13% (₹1,837 crore → ₹1,605 crore), warranting further investigation into sectoral slowdowns.

Andhra Pradesh: Slight drop of 2% (₹3,890 crore → ₹3,803 crore), potentially due to transitional policy effects or delayed refunds.

Overall, most states reported healthy double‐digit increases, contributing to the 13.66% nationwide growth in May 2025.

SGST Settlement to States: Pre‐ and Post‐Settlement Figures

In addition to collections, states benefit from the IGST settlement mechanism. Table 2 provides insights into how SGST flows to states:

Key takeaways from these figures include:

Pre‐Settlement Growth: The total pre‐settlement SGST increased by 10% year‐on‐year, indicating stronger intra‐state consumption that feeds directly into SGST pools .

Post‐Settlement Decline: Despite higher collections, the post‐settlement SGST dipped slightly by 1%, suggesting a larger share of IGST is being diverted to equalize state revenues .

Implications and Insights

Having examined the data, let me highlight a few insights:

Renewed Consumption & Trade: The double‐digit growth in both domestic and import IGST underscores robust economic activity—be it consumption or inbound trade.

Improved Net Accruals: Even with higher gross collections, the moderation in refunds (especially export‐related) meant net GST rose by over 20% in May 2025 compared to May 2024. This improves fiscal buoyancy.

State‐Level Disparities: While states like Delhi, Tamil Nadu, and Assam outperformed significantly, laggards such as Uttarakhand and Andhra Pradesh need to address localized slowdowns—possibly by focusing on streamlining state‐level logistics and compliance.

Cess Stability: The Cess component grew modestly, indicating a relatively stable “sin and luxury” consumption pattern, even as core GST collections expanded.

Policy Considerations: Given the built‐in mechanism of IGST settlements, states seeing post‐settlement declines must explore ways to boost their own-generated SGST. Simultaneously, the centre can leverage higher net GST for infrastructural or welfare spending.

In conclusion, I hope this detailed walkthrough gives you a clear picture of May 2025’s GST landscape. Here’s a quick recap:

• Gross GST collections surged by 16.4% to ₹2,01,050 crore.
• Net GST revenues grew by 20.4%, reflecting controlled refund outflows.
• State‐wise performance showcased strong gains in major states, though pockets of contraction remain.
• The IGST settlement mechanism continues to balance state revenues, even if post‐settlement figures slightly decline.

As the fiscal year progresses, these trends can guide policymakers and business stakeholders alike. If you have any questions or want deeper insights into specific components, feel free to reach out!