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E-way bill generation moderates in November

The daily average for the week ended November 28 was 23.29 lakh. The daily average for the first 24 days of October was 22.68 lakh, 3.8% higher than that for the first 26 days of September.

E-way bill generation moderates in November
Between November 1 and 28, as many as 5.58 crore e-way bills were generated.

Daily e-way bill generation for goods transportation under the Goods and Services Tax (GST) system came in at 19.9 lakh for the first 28 days of November, 12% lower than the daily average for the first 24 days of October, reflecting a moderation after festivities.

The daily average for the week ended November 28 was 23.29 lakh. The daily average for the first 24 days of October was 22.68 lakh, 3.8% higher than that for the first 26 days of September.

Between November 1 and 28, as many as 5.58 crore e-way bills were generated.

E-way bills stood at a record 7.35 crore for October, the highest monthly data since the indirect tax regime was rolled out in July 2017, reflecting an upswing in economic activities during the festival season and improved compliance.

Usually, e-way bill generation slows down after the festival season. It had declined 11% to 5.77 crore in November 2020 compared to the previous month.

E-way bill generation by businesses had risen to 6.79 crore in September from 6.59 crore in August and 6.42 crore in July. It was 7.12 crore for March before the second wave of Covid-19 hit economic activities.

Higher e-way bill generation is reflected in higher GST revenue. Gross GST collections came in at `1,31,526 crore in November (October sales), the second highest mop-up since the comprehensive indirect tax launched in July 2017.

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First published on: 02-12-2021 at 02:30 IST