Five states account for nearly 50% of active GST taxpayers; UP leads: SBI Report

An SBI Research report reveals that Uttar Pradesh, Maharashtra, Gujarat, Tamil Nadu, and Karnataka account for nearly 50% of India's active GST taxpayers, with Uttar Pradesh leading. Economically stronger states like Telangana and Tamil Nadu underperform in GST participation compared to their GSDP share, while states like Uttar Pradesh and Bihar show higher GST registration relative to their GSDP.