GST collections rise 10% to 1.7 lakh crore in May

GST collections rose by 10% to Rs 1,72,739 crore in May, with domestic sources compensating for lower imports, as per the finance ministry data. Based on collections in May for transactions in April, latest data released by the finance ministry on Saturday estimated collections from domestic sources to be 15.3% higher, while those from imports were 4.5% lower.