Gujarat GST collections rise 16% to ₹7,262 crore in May 2026

Gujarat recorded a 16% increase in Goods and Services Tax (GST) collections in May 2026, with revenue rising to ₹7,262 crore compared with ₹6,267 crore during the corresponding month last year, according to official data.

The growth significantly outpaced the national GST revenue growth rate of 3.2% year-on-year to around ₹2 lakh crore in May, despite geopolitical tensions in Middle East. 

Apart from GST, the state earned ₹2,717 crore through Value Added Tax (VAT) collections during May. Revenue from electricity duty stood at ₹998 crore, while business tax collections amounted to ₹22 crore.

With these collections, the Gujarat Tax Department generated total revenue of ₹10,998 crore during the month from GST, VAT, electricity duty and business tax.

As per data, the national gross GST revenue stood at ₹1,94,184 crore in May, compared to ₹1,88,172 crore in the same month last year. Meanwhile, net GST collections reached ₹1,66,904 crore, a growth of 3.3% over the corresponding period last year.

Total refunds during the month increased 2.6% year-on-year to ₹27,281 crore.

Adjusted for this, gross GST revenue growth for May 2026 stood at around 9%, while adjusted domestic gross GST growth was estimated at about 5%.

Gross domestic GST revenue stood at ₹1,34,530 crore during the month, down 2.6% from a year ago.

Meanwhile, gross revenue from imports rose sharply by 19.1% year-on-year to ₹59,654 crore, indicating continued strength in import-related tax collections.

Adjusted net GST revenue growth for May stood at around 10% after excluding the impact of the one-off payment recorded last year.

For the first two months of the current financial year, gross GST collections increased 6.2% to ₹4.37 lakh crore, while net GST revenue rose 5.5% to ₹3.78 lakh crore.

In addition, May 2025 collections included nearly ₹10,000 crore of one-time payment made by a telecom operator towards spectrum allocation.

Notably, GST collection surged 8.7% year-on-year to a record ₹2,42,702 crore in the month of April. While net GST revenue for last month stood at ₹2,10,909 crore, registering a 7.3% annual growth (after accounting for refunds).

(with inputs from syndicated feed)