India just crossed a big milestone. According to a new SBI report, there are now over 1.52 crore active GST registrations in the country. This is not just a number—it shows how formal businesses in India are growing fast.
But here’s what’s even more exciting: more women are stepping into business than ever before. One in five GST-registered businesses now has at least one woman involved. Even better, 14% of all registered businesses are fully run by women.
This is a big shift. It means more women are not just working, but owning and leading businesses.
Women Are Owning the Corporate Space
The report says that this rise is strongest in LLPs and private limited companies. These are more formal and structured types of businesses. So women are not just opening shops—they are building companies.
Dr. Soumya Kanti Ghosh from SBI says this shows a clear sign of women empowerment. The numbers also reflect that women hold 15% of all income tax accounts and 40% of bank deposits in India. That’s serious economic power.
Also Read GST Collection in June Rises to ₹1.85 Lakh Cr, Up 6.1% from Last Year
GST Is Driving Change Across States
It’s been eight years since GST was launched. It replaced many old taxes and brought in a single, clean tax system. This made it easier to do business and reduced extra costs for everyone.
In just five years, from FY21 to FY25, monthly GST collections have doubled. India now collects an average of ₹2 lakh crore every month.
The top 5 states make up 41% of this revenue. Six states have already crossed ₹1 lakh crore in GST collections.
Big states like Telangana, Tamil Nadu, and Kerala still have fewer GST taxpayers compared to their total state economy. But states like Uttar Pradesh, Bihar, and Gujarat are surprising everyone. They have more GST taxpayers than expected. This shows there is huge untapped potential in these regions.
GST Is Leveling the Playing Field
SBI’s research shows that GST is doing more than just collecting money. It’s helping all states grow more equally. By FY25, the effect of GST is expected to fully balance out business differences between states.
This is good news. It means GST is not just about tax—it’s a tool for equal growth.
More GST registrations. More women in business. More equality between states.
India is formalising fast. And this time, women are in the driver’s seat.
Also Read Retail Inflation Drops to Lowest in Over 6 Years – Food Prices Fall in June 2025
