India's GST Revenues Rise in May, RBI Reports FY26 Earnings
India's Gross GST revenues increased by 3.2% to over Rs 1.94 lakh crore in May, while the RBI reported earning over Rs 4 lakh crore in FY26, spending a third of it on rupee defense and liquidity management.
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Gross GST revenues rise 3.2% to over Rs 1.94 lakh crore in May
India's Goods and Services Tax collections in May surpassed Rs 1.94 lakh crore, marking a 3.2% year-on-year increase. While domestic revenue saw a slight dip, robust growth in import-linked taxes fueled the overall rise. Several states reported healthy SGST collection increases, though Delhi experienced a significant decline.
By TOI BUSINESS DESK
Read full article →Rupee defence to liquidity: RBI earned over Rs 4 lakh crore in FY26, spent a third of it
By Siddharth Upasani
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