E-WAY Bill generation reached all-time high at 10.35 crore in March, April collection
Fiscal year-end closing coupled with better compliance and improved consumption pushed e-WAY bill generation to an all time high of 10.35 crore in March, data collected by GST Network (GSTN) showed. This could have some impact on GST collection in April for which data will be out on May 1.
Normally, April records very high collection. Last April saw an all-time high collection ofRs. 1.87 lakh crore.
This is the second time since the introduction of an e-WAY bill in 2018 when generation has crossed 10 crore in a month. Previous all-time high was in October, when 10.03 crore e-WAY bills was generated. An e-WAY bill is an electronic document generated on a portal, evidencing the movement of goods. It also indicates whether tax has been paid for the moving goods. As per Rule 138 of the CGST Rules, 2017, every registered person involved in the movement of goods (which may not necessarily be on account of supply) of consignment value of more thanRs. 50,000 (can be lower for intra-state movement) is required to generate an e-way bill.
Barring November, e-WAY bill generation has been nine crore plus since August last. Also, during the last fiscal i.e., 2023-24, seven out of 12 months saw more than nine crore bill generations and two out of these seven months recorded 10 crore plus.
