E-way bills hit yet another record in September, signalling festival season boost
India’s supply chain activity hit a new milestone in September as e-way bill generation surged to 109 million, marking an 18% jump from the same period last year, according to data from GSTN, the company handling GST returns. The uptick comes as businesses ramp up operations during the festival season, which is set to further boost production, distribution, and sales.
This increase in e-way bills—electronic permits required for shipping goods across states—also reflects a 3% rise over August’s figures. The festival season, which kicks off in August-September with Raksha Bandhan, Ganesh Chaturthi, and Onam, leads into Navratri, Dussehra, Diwali, and concludes with Christmas at the year's end.
E-way bills typically see another spike toward the end of the financial year as companies rush to meet annual targets by clearing inventory.
The surge in e-way bill generation indicates heightened movement of raw materials, intermediates, and finished goods. This bodes well for goods and services tax (GST) collections, which are closely tied to the volume of goods transported.
