E-way bill generation dipped to 9.66 crore in April
After recording all-time high number in March, e-way bill generation dipped to 9.66 crore in April. This could have some impact on Goods and Services Tax (GST) collection number for May, which will be made public on June 1.
Traditionally, March has been recording very high e-way bill generation on account of fiscal year inventory cleaning exercise. However, first year of fiscal year sees lesser movement of goods, and thus affecting e-way bill generation.
In March, 10.35 crore e-way bills were generated and GST collection in April touched an all-time high of Rs. 2.10-lakh crore. In March last year, e-way bills were 9.09 crore, a record at that time, and collection in April was Rs. 1.87-lakh crore, all-time high at that time. However, in April last year, e-way bill generation dropped to 8.44 crore and consequently collection in May slipped to Rs. 1.57-lakh crore.
