E-way bill generation moderates but remains above 100 million in June

Over 100 million e-way bills or electronic permits were raised for shipment of goods within and across states in June, indicating strong manufacturing activity in the last month of the first quarter of 2024-25.

It is the fourth time that e-way bill generation has crossed the 100-million mark. The country saw 103.1 million e-way bills in May and a record 103.5 million e-way bills in March. Last year, it surged past 100 million in October, according to data from the Goods and Services Tax Network, or GSTN, the company that processes GST return forms.

In June 2023, the number stood at 86 million.

Taxes for transactions in June will be paid to the exchequer in July, which will likely translate into high goods and services tax (GST) collections this month too. GST collections have remained above Rs. 1.7 trillion for the last four months, with the Centre and states collecting Rs. 1.74 trillion in GST revenue in June. The government collected Rs. 1.65 trillion in GST in July 2023 .

Source : https://www.livemint.com/economy/eway-bill-generation-gst-collections-auto-sales-railway-freight-gdp-economy-pmi-manufacturing-activity-11720430470819.html