The state of Uttar Pradesh has the largest number of businesses in the country enrolled to furnish GST with the small businesses accounting for the portion. The same build the most populous state in the country for the small entrepreneurs.
There are nearly 357000 small businesses in Uttar Pradesh that are enrolled beneath GST which a lower than a fourth of all the small businesses in the country are enrolled in the indirect tax system. Nearly 1.7 million overall GST registrations are there in the Uttar Pradesh which is more than a quarter of which are composition dealers or businesses who have signed up for the easier quarterly tax payment policy without ITC.
Other states like Maharashtra have about 1.6 million GST registered businesses which is the highest GST revenue, of which over 122,000 or over 8% are small businesses. Rajasthan comes next with over 137000 small GST enrolled businesses, and Karnataka, Andhra Pradesh, and Bihar have small businesses in the range of 100,000-111,000. Gujarat comprises a tenth of the one million GST registrations of small businesses.
Context to GST revenue collection the states with small GST enrollment but having the larger corporation has the better performance. States like Maharashtra, Gujarat, Tamil Nadu, and Karnataka which have small GST enrolled businesses as compared to Uttar Pradesh, but are home to larger businesses collect more GST revenue. Maharashtra has 3 times more GST revenue receipts than Uttar Pradesh has, on monthly bottoms. 80% of tax revenue, in general, arrives from 20% of taxpayers.
Sikkim, Nagaland, and Mizoram in the North East, Ladakh, and islands Andaman and Nicobar and Lakshadweep have some 10,000 GST enrollments, showing the few economic activities enduring in these regions.
The technology tax system has made the government collect the information, particularly that concerned with the intra-state and interstate transactions, the number of GST e-way bills generated as well as value in both the inbound shipments and outbound shipments in the states and integrated GST on the imports in India to watch out the kind of economic activity should take place in several parts of the country. Regulators indeed practice the data fetched inside the GST system for compliance enforcement.
