GST Council
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Signals
GST growth slows to 3.2% in May, but gold and goods consumption surge underneath
Headline GST collections rose just 3.2% to Rs 1.94 lakh crore, the slowest in six months, dragged by a telecom base effect. Strip that out and adjusted growth runs near 9%, with taxable goods value up 27% and gold/precious metals up 47% — pointing to resilient post-rationalisation retail and jewelry demand.
Times of India · Business · 6/1/2026, 8:10:22 PM
May GST mop-up climbs 3.2% to Rs 1.94 lakh crore as consumption holds post-rate cut
India's May 2026 GST receipts rose 3.2% YoY to Rs 1.94 lakh crore, with goods supplies up 26.9%, services up 22.2% and import IGST up 19.1% to Rs 59,654 crore. FY27 YTD collections at Rs 4.37 lakh crore, up 6.2%, suggesting consumer demand absorbed the September 2025 rationalisation to 5%/18%/40% slabs.
Financial Express · BrandWagon · 6/1/2026, 12:37:37 PM
May GST hits Rs1.94 lakh crore as hospitality, gold, goods supply surge post-rationalisation
May GST collections rose 3.2% YoY to Rs1.94 lakh crore, with adjusted growth at 9% stripping telecom base effects. Goods taxable supply jumped 26.9% and services 22.2%, while hospitality/food services (+41.6%) and gold (+46.9%) signalled broad consumption uplift after the September 2025 GST rationalisation.
Forbes India · 6/1/2026, 10:57:53 AM
May GST collections grow just 3% to Rs 1.94L cr; domestic revenue dips 2.6% as consumption softens
Domestic GST fell 2.6% to Rs 1.35 lakh crore in May even as taxable supply of goods rose 27% and services 22%, hinting at margin and pricing pressure post GST 2.0 rate cuts on 375+ items. Imports IGST jumped 19.1% to Rs 59,654 crore, signalling stronger inbound demand than domestic offtake.
Indian Express · Business · 6/1/2026, 8:50:07 AM
May GST collections grow 3.2%, but taxable supplies surge signals robust retail demand
India's gross GST receipts moderated to Rs 1.94 lakh crore in May 2026 on high base, yet goods taxable supplies jumped 26.9% and services 22.2%. Adjusted net growth of 10.1% and 20.2% rise in IGST imports point to sustained underlying consumption momentum for retailers.
NDTV Profit · 6/1/2026, 7:58:58 AM
May GST mop-up hits ₹1.94L cr, up 3.2% YoY; goods supply jumps 26.9%
Broad-based growth across goods (+26.9%) and services (+22.2%) taxable supplies points to resilient domestic consumption. IGST on imports rose 20% while refunds climbed 10.9% YTD, signalling sustained demand across consumer electronics, autos, hospitality and retail categories.
Business Today · Latest · 6/1/2026, 7:03:27 AM
GST Council eyes clarity on cab aggregator tax; Ola, Uber, Rapido fares in focus
GST Council may clarify whether 5% GST applies on full ride fare or only platform commission for Ola, Uber and Rapido. While the move aims to ease compliance for aggregators, commuters could face higher fares if the tax is passed through end-to-end.
Business Today · Latest · 5/20/2026, 11:56:51 AM
GST Council delay prolongs working capital squeeze for FMCG, pharma, manufacturing
Postponement of the next GST Council meeting extends uncertainty for FMCG, pharma and manufacturing sectors. GST 2.0 rate rationalisation has deepened inverted duty structures, locking up refunds and working capital. Industry awaits legislative fixes, refund reforms and procedural clarifications.
BL · Consumer & Economy · 5/18/2026, 1:45:16 PM