GST collections rise 3.2% to ₹1.94 lakh crore in May; import-led revenues drive growth

India's GST collections hit an impressive ₹1.94 lakh crore in May 2026, showcasing a 3.2% rise primarily driven by robust imports of essential raw materials and electronic components. Interestingly, while import-led revenue climbed higher than domestic transactions, officials praised the prevailing business confidence and a thriving industrial sector.

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