E-way bill generation dipped to 3-month low in February, GST collection may be impacted in March

E-way bill generation dipped to 3-month low in February, GST collection may be impacted in March

✅ E-way bill generation in February dropped to a three-month low of over 8.18 crore.

✅ It was over 8.24 crore and 8.41 crore in January and December.

✅ Technically, data for February are for 28 days while preceding two (January and December) months’ total numbers are for 31 days.

✅ However, during fiscal year 2021-22, number of e-way bill generated in December was 7.16 crore which dropped to 6.88 crore in January but rose to 6.91 crore in February.

✅ E-way bill generation of a month gives an indication about GST collection in next month. This means, lesser number of e-way bills in February may end in lower collection.

✅ However, e-way bill generation is not directly linked to revenue collection.

✅ GST collection, during 12-month period of March 2022 and February 2023, has been ₹1.40-lakh crore or more every month.

✅ In fact, April 2022 saw all time high collection of ₹1.68-lakh crore while second highest collection was ₹1.56-lakh crore plus in January this year.

✅ Now, the government expect over ₹1.50-lakh crore plus in coming months.