India's Goods and Services Tax (GST) collections for May 2026 showed a positive trend, rising by 3.2% year-on-year to ₹1,94,184 crore, compared to ₹1,88,172 crore in May 2025. The cumulative gross GST revenue for the financial year reached ₹4,36,887 crore, reflecting a 6.2% growth over the same period last year. Notably, gross import revenue surged by 19.1% to ₹59,654 crore, while net customs revenue saw a 19.7% increase. However, domestic collections experienced a slight decline of 2.6%, totaling ₹1,34,530 crore. Maharashtra remained the largest contributor, generating ₹29,141 crore, although its growth was flat. Other states like Karnataka and Gujarat reported marginal increases, while some regions experienced significant fluctuations in their collections, such as Dadra and Nagar Haveli, which saw a 38% increase, and Lakshadweep, which faced an 82% drop.