In July 2025, SBI Research, the economic research division of the State Bank of India (SBI), released its latest research report on Octennial Anniversary of Goods and Services Tax (GST). As per the report, 5 states namely, Uttar Pradesh (UP), Maharashtra, Gujarat, Tamil Nadu (TN) and Karnataka, account for nearly 50% of the total active GST taxpayers in India.
- UP leads the top five states, contributing 13.2% of all active GST taxpayers in India, followed by Maharashtra (12.1%), Gujarat (8.4%), Tamil Nadu, TN (7.7%), and Karnataka (6.9%).
- The report showed that top 5 states account for 41% of gross revenue while, 6 states surpasses the mark of Rs 1 lakh crore.
Key Findings:
i.The data further revealed that there are over 1.52 crore active GST registrations (as of May 31, 2025).
- Of these, 13,323,171 are normal taxpayers, 1,481,562 are composition taxpayers, 20,578 are input service distributors, 22,835 are tax collectors at source, 374,229 are tax deductors at source, and 3,808 belong to the “others” category.
ii.The report highlighted that almost 1/5th (20%) of registered taxpayers having at least one female 14% registered taxpayers having all female members.
- It also showed that 15% share of women in overall Income taxpayers and 40% in overall deposits, reflecting women empowerment.
iii.The report showed that states such as Uttarakhand, Chhattisgarh, Jammu & Kashmir (J&K), and Himachal Pradesh (HP) have very little contribution to the total GST taxpayer base, with each accounting for 1.4% of less.
iv.The report observed some economically stronger states such as: Telangana, TN, Kerala, AP and Karnataka, are underperforming in GST participation when compared to their share in the overall Gross State Domestic Product (GSDP).
- In contrast to this, states like: UP, Bihar, and Gujarat have larger share in total GST registrations compared to their share in overall GSDP, reflecting greater formalization and improved tax compliance.
v.As per the report, gross GST collection has doubled in the last 5 years i.e. from Rs 11.4 lakh crore in Financial Year 2020-21 (FY21) to approximately Rs 22.1 lakh crore in FY25.
- It further revealed that average monthly gross GST collection now stands at nearly Rs 2 lakh crore.
Recent Related News:
In May 2025, SBI released its latest research Ecowrap report. As per the report, India’s Gross Domestic Product (GDP) registered robust growth of 7.4% in fourth Quarter (Q4: January-March) of Financial Year 2024-25 (FY25).
- This growth is mainly driven by a sharp 12.7% increase in net indirect taxes.
