Quote on GST collection numbers for May 2025 by Karthik Mani, Partner, Indirect Tax, BDO India

Below the Quote on GST collection numbers for April 2025 by Karthik Mani, Partner, Indirect Tax, BDO India
The year on year increase of 20.4% in total net GST collections for May 2025 is largely driven by growth in net GST collections on imports, which have grown by 72.9%, with net domestic collections showing a comparatively muted growth of 9.7%. This trend of muted domestic collections has been reflected in the GST collections’ growth from some of the major states like UP, Gujarat, Haryana etc, showing lower than average growth, with Maharashtra and Karnataka collections being closer to overall average growth rates. However, Tamil Nadu and Delhi have bucked the trend and have shown higher than average growth.
The month on month GST collections have shown a reduction, as expected, since the GST collections of April traditionally, have been higher due to the fact that they reflect the GST collections on transactions in the month of March, which always has higher economic activity.
Above views are of the author and not of the website kindly read disclaime










More News

Views on RBI MPC by Dr. HP Singh, CMD, Satin Creditcare Network Ltd

